VOLTAS trade ideas
Voltas - 640 or 700+?Voltas broken daily trendline as well as resistance, with volume... it may retrace at 624 but its targets are high...
VOLTAS LongEnter Voltas long and target 620 and then 660. It is in clear uptrend and broken upper trendline.
Voltas Breakout was PlannedIn this video I have shared all the best possible entries in Voltas as it was trending.
I shared all kind of entries with best R:R
You can learn how to trade them
Either from my videos or can contact me as well.
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Voltas - Positional TradesVoltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart.
Its a precarious level with both scenarios of break and rejection equally possible.
Volume & Momentum seem to favour a break upwards.
Pay attention to NIFTY trends and Volume before taking trades.
Positional Ideas:
Go Long above 590 for 605,620 with SL at 575
Short it below 565 for 550, 545 with SL at 575
P.S The levels mentioned are long term supports and resistance on monthly charts. I always prefer rounded-off values!
Cup and Handle pattern in VOLTASGo long above the resistance line based on confirmation candle in lower time frame
The Cup and Handle :
It creates a U-shape, or the "cup" in our "cup and handle." The price then moves sideways or drifts downward within a channel—that forms the handle.
Entering a Cup and Handle Trade :
When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.
While the price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop-loss is needed.
Setting a Stop-Loss
Place a stop-loss below the lowest point of the handle. If the price oscillated up and down a number of times within the handle, a stop-loss might also be placed below the most recent swing low.
Since the handle must occur within the upper half of the cup, a properly placed stop-loss should not end up in the lower half of the cup formation.
Picking a Target or Profitable Exit
Whatever the height of the cup is, add that height to the breakout point of the handle. That figure is the target.
Voltas if sustains above 580 then next targets are 600 and 640Voltas if sustains above 580 then next targets are 600 and 640-650
VOLTAS, ANOTHER BEAUTIFUL PRICE ACTION (CHART# 295)VOLTAS has closed at breakout level and looks bullish abv 582 (small hurdle at 587).
Looking at previous history of VOLTAS, this stock move well after confirmation of BO. So this should be on radar for next few days and if it sustain abv 582-87 then it should show good movement.
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
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Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
Voltas Ranging Market Explaination mention above -:
I am bullish above 565 level . Firstly ,let the market to prove us that this stock has some bullish momentum .
we can't buy right now because the picture isn't clear . we will only buy above 565 for intraday purpose till 585 level.
because we can see minor resistance at 565 .
As you see last trading session it make hammer candle stick pattern . we solely don't trade on that candlestick pattern, so please wait till 565.
Voltas - Nearing Bullish BreakoutNote: This is for educational purpose only.
Build up near resistance shows lack of selling pressure. Expecting a good bullish breakout once resistance is broken with good volume. RSI above 60 adds to the bullish momentum conviction.
VoltasThis is for study only,
Seems like its breaking out from Flag pattern.
May retrace upto 539 and then move up
T1 585
Pattern target around 680
VoltasSell Below 545 for a target of 539.50/535 Stoploss 550
Disclaimer: I am not a SEBI Reg. analyst. All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Flag pattern - BullishPrice after giving small retracement for the up move continues the up trend. If price closes above the pole then it will reach the target for sure.
VOLTAS-SHORT-INTRADAYTrading Ideas for 07/16/2020
Analysis Date: 07/15/2020
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NSE:VOLTAS
Entry @ 548.9
StopLoss @ 550.65
Target 1@ 545.4
Target 2@ 542
Risk : Reward = 1:2
Voltas Multiple Things... Expecting 600 in coming daysMultiple Things to be Noted
1) Cup and Handle
2)Price took Support at Ichimoku
Cloud 3 times and Reversed.
3)Symmetrical Triangle in 4H
4)RSI is forming Triangle Pattern.
Voltas - Hammer on 20 EMANote: This is for educational purpose only.
Bullish hammer formed on 20 EMA. 20 EMA above 50 EMA indicates medium term bullish trend. RSI above 50 indicates bullish momentum.
