VOLTAS LTDLong
Voltas Ltd - Elliott Wave Analysis Update - Target Achieved
**Voltas Ltd - Elliott Wave Analysis Update 📊**
🎯 **Target Achieved! Trade Executed Successfully** 🚀
The Elliott Wave structure for Voltas played out precisely as anticipated, delivering a successful breakout and hitting the target zones. Here’s a detailed recap of the movement:
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### 🔍 **Key Highlights from the Chart Update:**
1️⃣ **Wave Structure Resolution:**
- The stock successfully broke above the critical resistance level of ₹1,821.30, confirming the continuation of the bullish Wave (Y).
- Price surged towards the projected ₹1,900+ zone, fulfilling the target set for this corrective pattern.
2️⃣ **Momentum Confirmation:**
- Trading above the 50-day Moving Average provided a solid foundation for sustained upward momentum.
- Strong buying volumes at key Fibonacci retracement levels fueled the rally, validating the demand in the identified zones.
3️⃣ **Trade Execution:**
- **Entry Point:** Initiated near ₹1,790 after observing the breakout above ₹1,821.30.
- **Exit Point:** Target successfully achieved at ₹1,900+, locking in significant gains.
- **Risk Management:** Stop-loss placed below ₹1,800 remained untouched, ensuring a favorable risk-reward ratio.
---
### 🚨 **Lessons & Next Steps:**
- **Critical Support Levels:** ₹1,821.30 now becomes the immediate support, with ₹1,641.35 as the long-term cushion.
- **Potential Future Resistance:** Monitor price action near ₹1,950–₹2,000 for signs of consolidation or trend continuation.
---
🔥 **Conclusion:**
This trade highlights the effectiveness of combining Elliott Wave analysis with momentum and volume indicators. Voltas continues to exhibit a strong technical structure, making it a stock to watch for further opportunities.
🔔 **Follow us for more updates and insights into market movements!** 🚀✨
🎯 **Target Achieved! Trade Executed Successfully** 🚀
The Elliott Wave structure for Voltas played out precisely as anticipated, delivering a successful breakout and hitting the target zones. Here’s a detailed recap of the movement:
---
### 🔍 **Key Highlights from the Chart Update:**
1️⃣ **Wave Structure Resolution:**
- The stock successfully broke above the critical resistance level of ₹1,821.30, confirming the continuation of the bullish Wave (Y).
- Price surged towards the projected ₹1,900+ zone, fulfilling the target set for this corrective pattern.
2️⃣ **Momentum Confirmation:**
- Trading above the 50-day Moving Average provided a solid foundation for sustained upward momentum.
- Strong buying volumes at key Fibonacci retracement levels fueled the rally, validating the demand in the identified zones.
3️⃣ **Trade Execution:**
- **Entry Point:** Initiated near ₹1,790 after observing the breakout above ₹1,821.30.
- **Exit Point:** Target successfully achieved at ₹1,900+, locking in significant gains.
- **Risk Management:** Stop-loss placed below ₹1,800 remained untouched, ensuring a favorable risk-reward ratio.
---
### 🚨 **Lessons & Next Steps:**
- **Critical Support Levels:** ₹1,821.30 now becomes the immediate support, with ₹1,641.35 as the long-term cushion.
- **Potential Future Resistance:** Monitor price action near ₹1,950–₹2,000 for signs of consolidation or trend continuation.
---
🔥 **Conclusion:**
This trade highlights the effectiveness of combining Elliott Wave analysis with momentum and volume indicators. Voltas continues to exhibit a strong technical structure, making it a stock to watch for further opportunities.
🔔 **Follow us for more updates and insights into market movements!** 🚀✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.