Trianglepattren
VOLTAS - ALL TIME HIGH LEVEL - Investment/Trade opportunityThe stock price is trying to come out of a 7 months consolidation period. It appears to be ready for next leg of rally.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Another way to analyze such formation is shown in the below image - do check it out as well.
VOLTAS can be a good bet for medium to long term investment as well.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me on any of my handles for any query or suggestion regarding this stock or Price Action Analysis.
Eth making moves! Eth making moves! Can it keep carrying the weight of the market on its back. Is 'Butt-corn' too old?! Stay tuned next time
Long FBEntry price: 369-375$
Target price: 408$
Stop loss: 365-369$
Keltner Channel: the price is inside of the channel, approaching the upper boundary.
Chart pattern: symmetrical triangle
DMI: +DI line crossed -DI line from the below. Moreover, the intersection moment appeared above the ADX line what might suggest the bullish momentum of the price.
Conclusions: The price broke the upper boundary of the triangle pattern, however there is no volume increase at the moment. Thus, long position is recommended after the price correction above the pattern with the entry price on the new support level.
LINK in TriangleBINANCE:LINKUSDT
The process of guarding has taken a heavy toll and you can
Wait for the price to reach the bottom of the channel and see the reaction after seeing the reaction
Decide which is less risky and the second method is that there is
You can stabilize after being supported by the Fibonacci level
Reaching the top of the midline you can re-enter