VOLTAS trade ideas
Short VoltasShort Voltas on basis of completion of shark pattern
Stop Loss and targets are as mentioned in chart.
Voltas in downtrend Voltas continue in the downtrend 528-5660 is a consolidating zone.Also, Rejection at the upper channel looks Bearish
VOLTAS - One more Down thrust As per the wave analysis , we are in the c wave of the corrective wave a-b-c. Moreover the wave c is developed as an impulsive wave for which the last 5th wave is remaining & it has been started already.
Trading plan:
SELL NEAR 465 -70 ZONE OR SELL ON ANY RISE NEAR 475-480 ZONE KEEPING THE STOP LOSS OF 486 FOR A TARGET ZONE OF 450/420/410
Voltas Short Below 455Voltas is in a continuous downtrend. if it breaks its trendline downward. we can see huge downfall in the stock
Sell Voltas below 455 keeping SL 467 with Target 445-430.. Once the stock goes down from your buying price place SL cost to cost or trail.
VOLTAS WEEKLYStock broke its major price support around 500 levels a month ago and same levels are now acting as resistance for the stock.
200 week Moving average also coincides with the price resistance.
Only decisive break above this stock can bring a up-move in the stock, till then bearish view in the stock stays intact.
Next support for stock comes around 440- 425 levels And i see the major support for the stock lies at 350-340 levels.
Doji in Voltas on Weekly charts could be a short candidateVoltas can test 403 levels a Doji on weekly though sign of trend reversal could be short lived a perfect buy candidate at 390-400 Zone keep on radar.
Sell Below 462 SL 476 Traget 405
Buy Above 493 SL 459 Target 535
VOLTAS 4HRBullish GARTLEY TYPE 2
Earlier this same GARTLEY given good reaction on Type1 entry at 0.786XA ,now price again reached 0.786XA making its a TYPE2 Entry which is REVERSAL
Now with confirmation from a BULLISH CANDLE with RSI above 30 POTENTIAL BUY
VOLTAS DAILYBullish GARTLEY TYPE 2
Earlier this same GARTLEY given good reaction on Type1 entry at 0.786XA ,now price again reached 0.786XA making its a TYPE2 Entry which is REVERSAL
Now with confirmation from a BULLISH CANDLE with RSI above 30 POTENTIAL BUY
Voltas forming Bullish Gartley pattern.Voltas forming Bullish Gartley pattern.
The pattern is not complete yet. forming D leg.
Just watch.
Long Voltas!Voltas had given a successful breakout above 650. Currently it has retested the 650 level and is ready to move up again. I will add 50% of my desired quantity when it shows a closing above 20 DMA and remaining on 20 and 50 DMA crossover with a strict SL of 650 on closing basis.
Do your due diligence before taking any position. Consult a certified professional regarding the same.
Voltas - Possible distribution phaseLooks like textbook Wyckoff's distribution. If true, Phase D and E are not very far away!
Voltas - Ready to short below the trendlineVoltas - Ready to short below the trendlines
If hits SL then Buy for a target of 45 points
VOLTAS SHORTVOLTAS AT ITS RESISTANCE AT THE TOP OF CHANNEL
Weekly and Daily charts are bearish.
SL:- 706, Target :- 590 , CMP:- 678
VOLTAS Long Setup [Intraday]NSE:VOLTAS Buy limit at 589 with SL at 585.30 and three potential targets mentioned
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
