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 trade ideas
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 : Above 820 - may reach 840-50-70Voltas appears to be positioning itself well above the 820 levels, with several attempts to surpass the 814-815 rs limit. If this level is crossed, there is a high chance that the stock may reach the 840-50-70rs mark.
The statement is meant solely for educational purposes and should not be taken as a recommendation.
Voltas In the Buying ZoneVoltas doing pretty bad for quite a long time. But it seems we are in the fair prices buying zone with some divergence. It might not rebound fast but should come back with at least 30% in a year time frame.
I will only add 1% of my investment (Rs 10,000) here. There won't be any stoploss and I am ready to forego the whole amount if a disaster happens!
Buying Price: 777.80
Qty: 13
Target: 1015
Disclaimer: Don't follow my trades blindly ! It's only for educational and entertainment purposes
VOLTAS AnalysisAfter forming a base level around the level of 745, VOLTAS showed a strong rising trend till the level of around 820
RSI=70(strong momentum)
ADX=21 and rising (strong rising trend)
Above 50,100 and 200 EMA's only below 20 EMA(839)
Resistance Zone:820-830
Upside Target: 845-850 and 865-870
Support Zone: 745-760
Below this level VOLTAS is weak.
Voltas look weak might continue its fallVoltas appears to be in a weak position, as it is currently forming a bearish flag and pole pattern. This technical pattern suggests a continuation of the existing downtrend. The bearish flag and pole formation typically consists of a sharp decline in the stock's value (the pole), followed by a consolidation period (the flag). Traders and investors should pay attention to the levels and risk-reward ratios marked on the chart, as they can provide important insights for potential entry and exit points. It is crucial to exercise caution and closely monitor Voltas' price action, as it may provide valuable indications about the future direction of the stock.
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.