VOLTAS
NSE:VOLTAS
One Can enter now!
Or Wait for a retest of the trendline(BO)!
Or Wait for a better Risk:Reward Ratio!
Note :
1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
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Voltas
Consolidation Breakout - VOLTAS📊 Script: VOLTAS
📊 Sector: Consumer Durables
📊 Industry: Air-conditioners
Key highlights: 💡⚡
📈 Script is giving consolidation breakout on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1594
🟢 Target 🎯🏆 - 1668
⚠️ Stoploss ☠️🚫 - 1566
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Voltas Ltd: Bullish Breakout Confirmed
Bullish breakout confirmed above the ₹1,556.20 resistance level.
Strong volume support indicating potential for continued upward momentum.
RSI indicates a healthy trend, not yet overbought.
Potential for further gains in the near term.
Keep an eye on upcoming market movements for opportunities.
Parallel Channel Breakout in VOLTASStock: VOLTAS
Current Price: 1560
Chart Pattern: Parallel Channel Breakout
Overview
VOLTAS has recently demonstrated a technical breakout from a well-defined parallel channel pattern. This breakout is an indication of potential bullish momentum, suggesting that the stock could experience significant upward movement. The breakout occurred at the 1560 level, which serves as a critical point of reference for further trading actions.
Trade Setup
Breakout Level: 1560
The breakout level represents the point at which the stock price moved above the upper boundary of the parallel channel, signaling a potential trend reversal or continuation in the upward direction.
Entry Strategy:
Go Long: Enter the trade at or slightly above the breakout level of 1560. This ensures that the breakout is confirmed and the trade is initiated in the direction of the new trend.
Target Levels
Initial Target: 1625
This target is set based on a conservative estimate of the stock's movement post-breakout. It represents an intermediate price level where profit-taking or partial exits might be considered.
Final Target: 1684
The final target is derived from the height of the parallel channel pattern. This level projects the full potential upside based on the channel’s dimensions, assuming the breakout sustains.
Risk Management
Stop Loss: 1500
A stop loss at 1500 is recommended to manage risk and protect against significant adverse movements. This level is strategically placed below the breakout point to allow some price fluctuation while still maintaining a controlled risk profile.
Technical Analysis
Pattern Confirmation: The breakout from the parallel channel is a bullish signal, indicating that the stock has moved beyond its previous range of consolidation. This suggests the potential for further upward momentum.
Upside Potential: The height of the parallel channel, when projected upward from the breakout level, provides a target range for potential price movement. The final target of 1684 is calculated based on this pattern’s projected extension.
Summary
Action: Go Long
Entry Point: At or above 1560
Stop Loss: 1500
Initial Target: 1625
Final Target: 1684
Additional Notes:
Continuously monitor market conditions and stock performance.
Adjust stop loss and target levels as needed based on ongoing technical analysis and market developments.
Consider using trailing stops to lock in profits as the stock price moves toward the target levels.
Disclaimer: This recommendation is based on technical analysis and educational purpose. Always conduct your own research and consider consulting with a financial advisor before making trading decisions.
VOLTAS AnalysisThe chart provided is of VOLTAS LTD on a weekly time frame (1W) from TradingView, showing various price levels and targets based on Fibonacci retracement levels and projections. Here's a detailed analysis and summary:
Key Components:
1. Price Levels:
- Current price: 1,490.75
- High: 1,559.85
- Low: 1,481.95
- Close: 1,490.75
2. Fibonacci Retracement Levels:
- 0.618: 1,312.35
- 0.5: 1,205.05
- 0: 750.20
3. Target Levels:
- Target 1: 1,659.85
- Target 2: 2,222.05 (1.618 Fibonacci extension)
4. Significant Support and Resistance:
- Historical support around 750.20
- Significant resistance at the high around 1,559.85
- Perfect retracement noted historically, which acted as a support level.
Analysis:
- The stock has experienced a strong uptrend from the retracement level of 750.20 to its current level.
- The recent price action has breached the Fibonacci retracement levels of 0.5 and 0.618, indicating a bullish momentum.
- The first target is set at 1,659.85 , suggesting a potential continuation of the uptrend.
- The second target, based on the 1.618 Fibonacci extension, is projected at 2,222.05 .
Summary:
The chart for VOLTAS LTD indicates a strong bullish trend with potential upside targets at 1,659.85 and 2,222.05 . The stock has already surpassed key Fibonacci retracement levels, reinforcing the bullish outlook. The significant support level at 750.20 and historical retracement patterns provide a solid foundation for the current uptrend.
The price movement suggests that if the current resistance around 1,559.85 is decisively broken, the stock could aim for the targets mentioned above.
Voltas Ltd (VOLTAS) AnalysisThe chart provided is of Voltas Ltd (VOLTAS) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The stock was in a consolidation phase from mid-2021 to early 2023, trading in a range between approximately 1000 and 1300.
- Recently, the stock has shown strong bullish momentum, breaking out of this range and moving upwards.
2. Support and Resistance Levels:
- Support:
- Major support around 1327.60 and 1251.05.
- Resistance/Targets:
- Target 1: 1540.70 (61.8% Fibonacci retracement level)
- Target 2: 1721.55 (100% Fibonacci extension level)
- Target 3: 2012.15 (161.8% Fibonacci extension level)
3. Breakout:
- The stock has broken above the resistance level around 1327.60, indicating a potential bullish trend continuation.
- The breakout is accompanied by strong bullish candles, confirming the move.
4. Chart Patterns:
- There was a long consolidation period that formed a base, and the recent breakout suggests the beginning of a new uptrend.
- The stock appears to be forming higher highs and higher lows, a characteristic of an uptrend.
5. Fibonacci Retracement and Extension Levels:
- The chart shows Fibonacci retracement and extension levels, which provide potential target areas based on the recent price action.
- The 61.8% retracement level at 1540.70 is a key resistance level to watch.
- The 100% and 161.8% extension levels at 1721.55 and 2012.15, respectively, are further targets in case the bullish momentum continues.
6. Current Price Action:
- The current price is 1451.50, which is just above a key resistance level at 1485.85 (50% Fibonacci retracement level).
- The stock showed a strong weekly gain of 6.75%, indicating strong bullish sentiment.
Summary:
The chart of Voltas Ltd (VOLTAS) indicates a strong bullish breakout from a long consolidation phase, with the current price at 1451.50. Key support levels are at 1327.60 and 1251.05, while key resistance levels and targets are at 1540.70, 1721.55, and 2012.15. The recent breakout and strong bullish candles suggest the potential for further upside, with Fibonacci levels providing clear targets for future price action. The stock is currently showing strong bullish momentum, with higher highs and higher lows indicating an uptrend.
VOLTAS SHOW THE POWER OF TATA PRODUCT Last 4 year study of that share multiple range + flag + channel breakout and breakdown 3 year drama.Now that came on FIBONACCI .5 retracement point take two down side channel ready to take reversal and revenge of investors loss. Voltas price now near by 800 TRG 920/980/1080/1200/1400 that is trg based on quarterly / half yearly and year bases target
depend upon client investment and risk capacity and holding capacity you can adjust your TRG
Voltas something bad may is seen in the chart Voltas something bad may is seen in the chart.
As per the Kennedy Channeling Technique the Support is coming at 521.
As per Elliott Wave, Fibonacci retracement for wave 2 is expected to come around 521.
There might be some unexpected news that may impact the price pattern of Voltas Ltd.
Regards
Voltas, India, should target 1338 after crossing 1100Daily chart, the stock is generally in uptrend direction with some tendency for correction to 985, then will rebound to 1090. Above this 1090-1100, the target will be 1338
Technical indicators RSI and MACD are supporting the correction action
Stop loss should be considered below 965
Voltas can be a high voltage high PE long term investment idea.Voltas Ltd. CMP – 843.65
Market Capitalization Rs 27,915.1Cr
Red Flags:🟥
High Valuation (P.E. = 139.9)
Declining cash from operations annual
FIIs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
MFs are increasing stake
Improving annual net profit
Previous Happy Candles Number – 41/100
New Happy Candles Number – 41/100
Fresh Entry/ averaging / compounding after closing above 854
Targets:872 and 888
Long term target: 902 and 915
Stop loss: Closing below 800
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Voltas - Elliott Wave CountVoltas - Elliott Wave Count
It appears that the market correction for Voltas has come to an end, and we can anticipate another upward impulse wave, provided that today's low remains stable. Anyone who opened a short position based on our previous view should consider closing it. However, if the market falls below the current low, the previously mentioned view will no longer be applicable.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:VOLTAS NSE:VOLTAS1! BSE:VOLTAS
Voltas - Elliott Wave CountVoltas - Elliott Wave Count
Voltas - The market appears to be in correction. it seems that Wave B is completed so the price is expected to decline with wave C. wave c target 830 to 825 range and consider 888 level for invalidation to this view.
Once the ABC correction is completed we can expect the next impulse up move.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:VOLTAS NSE:VOLTAS1! BSE:VOLTAS BSE:VOLTAS
Voltas Mid Term View - Double BottomVoltas is reversing from the 61.8% Fibonacci Retracement levels of the previous swing in Monthly Timeframe with a Double Bottom and Bullish RSI Divergence which is a very Bullish pattern.
Daily timeframe shows a price compression too.
Once the Monthly candle crosses above the Trendline, can look for the marked SUPPLY LEVELS as target levels. Bottom fishing with small SL!
VOLTAS is about to give BREAKOUT! Don't miss this!!!!It's time to BUY VOLTAS. Wait for the weekly close above 913. Immediate targets will be 1051 (15% upside) and 1317 (44% upside). within 4-6 months you can gain up to 44%.
All of my given trades have been 100% successful. Don't you believe it? Check my all published charts!
Please comment if you have any queries.
Voltas Ltd Positional Buy 18 Jun 2023As per my analysis, NSE:VOLTAS is ready to move again on upper side levels. 790-793 is best buy level with stop loss of 935 (-55 Points Risk). My expected upside target would be 834 (+44), 865 (+75) & 902 (+112). This could be low risk and reward opportunity.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.