VOLTAS trade ideas
Forms a triangle pattern-Learning PurposeHello people, I'm a new trader with basic Technical analyses skill. I have invested a very less amount to keep myself focused and to be up to date with the market. So i found this Voltas Stock to have a Triangle like pattern in Daily Time Frame.
DAILY TIME FRAME = Uptrend (Triangle pattern formed )
Weekly TIME FRAME = Uptrend
It's for Educational purpose, Experts, please advice me on the same if I'm wrong, Thank you in advance
VOLTAS - Short Term SwingThe above analysis is done purely on basis of chart patterns and price action.
The analysis is done in live market on 60 min TF hence target can be achieved in intraday or in a couple of days.
Trade logic with, entry strategy, SL and Target is explained in image itself.
Check the formation of Bullish Head & Shoulder pattern in 30 min TF - linked below
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Voltas - Intraday / Swing Trade Setup Voltas CMP - 934.05
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 930 ONLY / Stop Loss 942
Target 1 - 925
Target 2 - 920
Target 3 - 915 / 910
Disclaimer: This is my view and for educational purpose only.
Voltas - Intraday Trade Setup Voltas CMP - 831.45
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy at or Above 834 / Stop Loss 826
Target 1 - 838
Target 2 - 843
Target 3 - 848
Disclaimer: This is my view and for educational purpose only.
Voltas - Intraday / Swing Trade Setup Voltas CMP - 810.95
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 805 / Stop Loss 813
Target 1 - 801
Target 2 - 796
Target 3 – 791
Disclaimer: This is my view and for educational purpose only.
VOLTAS ANALYSIS 06.12.2020BUY 820
TARGET 1030 TO 1053
NOTE:
ABOVE THIS LEVELS ARE BASED ON MONTHLY TIME FRAME CANDLE . LAST MONTH CANDLE CLOSED ABOVE THE RESISTANCE LINE 736 WITH SRONG BUYING PRESSURE. BUT IT MAY TAKE SOME RETRACEMENT OR IT WONT TAKE . SO IF PRICE COMES DOWN MEANS YOU CAN BUY UPTO 739 TO 719 .
Voltas - Intraday Trade SetupVoltas CMP - 808
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 805 / Stop Loss - 813
Target 1 - 800
Target 2 - 795
Target 3 - 790
Disclaimer: This is my view and for educational purpose only.