VOLTASNSE:VOLTAS
The way it has broken the support, it seems that it has the scope to go down to 618-620.
The stop loss here is anyways deep, levels around 645 can be good to take position, else wait n watch is better.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
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5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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VOLTAS trade ideas
VOLTASAgain those midlines.
Now we have a weekly uptrend. The channel has a midline. The prices have breached it once, bounced off it and have closed below it on Friday (8th Aug,2020).
Stay away from buying until a proper signal is seen. Shorts eager to enter must mind the measured move is yet to trigger.
VOLTAS Trade SetupVoltas forming setup which seems in the same supply zone , Results coming up on 14th , Govt has imposed more import duty on electronic items , Acs forming the main business is having bullish impact, As per speculation Voltas Set to report mixed Earnings . However we can go long on VOLTAS at this level and buy at lower levels (50%) if it reaches level at support level .
All analysis is for educational purpose only , do your analysis before investing
[Turtle] Voltas Call SpreadSell 620CE + Buy 640CE
Weekly looks like massive "Sell" if white line breaks. Daily it is having a "Retest".
Even if sell triggers, it will again come to a halt on the next support.
And I do not see it will break this third support because it has strong supply here.
But as summer is already screwed due to Covid and people forgot about ACs this season, it missed a good sales period.
Heavy Duality in mind. But Price action tells to do call spread as Weekly selling pressure is undeniable.