VOLTAS trade ideas
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.
VOLTAS - Falling wedge patternVoltas is currently in a falling wedge pattern from which I expect an upside breakout in the next week or so. This trade should be an upside to about 820-830 by the end of this month.
A #long trade in #VOLTAS #swingWe can buy the stock at current market price for around 5% target
SL is just 12points
Short term Bullish for Next 3-6 MonthsWeekly Chart Analysis.
Forming Cup and handle. Needs to watch closely for next few days. If break out above resistance Will bring levels of 1070 and 1140.
Short term BullishDaily Chart Analysis.
Forming Cup and handle. Needs to watch closely for next few days. If break out above resistance Will bring levels of 1070 and 1140.
Voltas Buy Voltas can be a good buy at these levels keeping in mind the upcoming hot summer season.
Talks of Extreme Heatwaves in India are showing up on the headlines these days, making it a serious matter of concern, but don't worry Voltas is here for us with their all-weather Ac.
Support turned Resistance in VoltasVOLTAS weekly chart has exhibited a typical support turns resistance price behavior in the 920 zone. The stock took support in this zone in Apr'21 and again a couple of times in May'22. It finally left this zone toward the down side in Sep'22 only to bounce back against the 920 support zone six months later in Mar'23.
However, this time the 920 zone has turned out to be a resistance, a typical behavior in technical analysis, and the stock has fallen sharply from there.
The weight of the evidence now points toward further downside in the price.
VOLTAS - Weekly AnalysisIn the Weekly Chart of VOLTAS ,
we can see that, it is converted from down trend to Up trend.
It is holding strongly at 200 EMA.
Since 920-930 levels have been tested multiple times, we can see a further up move in coming weeks.
Go Long for VOLTAS.
$VOLTASbreak 856.7 and fly but before that recon we pullback to 833.6-834
not trading this , request chart
basically reclaim 200 ema on the H4 then fill the gap to 200 ema on the daily
Neat & Clean Breakout Seen in Voltas|this is going in sky.About Company:-
Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment.
Technical @ Fundamental Analysis:-
We have seen falling trendline breakout in Voltas with huge Volume and MACD bullish crossover,,this all indicate a bullish momentum in Voltas..Price also got retested and move upward after breakout this is another positive indication. So now as we are getting this much positive signals from price action and indicators then definitely we can assume Voltas has taken U turn and now chances are very less to go down and make another low in recent time.
Market Cap
₹ 28,120 Cr.
Current Price
₹ 850
High / Low
₹ 1,348 / 737
Book Value
₹ 169
Dividend Yield
0.65 %
ROCE
13.0 %
ROE
9.62 %
Face Value
₹ 1.00
Debt
₹ 393 Cr.
EPS
₹ 5.25
PEG Ratio
-743
Promoter holding
30.3 %
Intrinsic Value
₹ 131
Pledged percentage
0.00 %
EVEBITDA
42.8
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 31.1%
Guy's if you like my work Please like,follow and comment your thoughts about this ticker and my work.
Thankyou:))
Voltas view for 22nd Feb WednesdayVoltas view for 22nd Feb Wednesday
Breakout already happened in Voltas. Again upside view above 902 if sustain then
Charts for Educational purposes only
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
Voltas on its way to breakout Voltas Ltd was on our radar for upcoming week bcs RSI and trend line make breakout but we wait for resistance (most imp) breakout. A good buying volume also see in it.
Buy it above 861
Target 880 910 930 965
Sl 830
VOLTASIn the Weekly Chart of VOLTAS ,
we can see that, finally we saw a recovery in W shape.
let it retest and then plan to enter with SL.
Go Long for VOLTAS.
bro i have found channel breakout on voltas be ready for bullish breakout happen to be ready for comment me stock analysis
VOLTAS Swing TradeVoltas recently broke a trendline.
And it has been a range for some months if it breaks and sustains above it we can go long.
I'm taking an entry at 825 SL 787.
Watch out for 200 EMA which can act as a resistance breaking that can be another confirmation of this swing trade.
if it takes rejection from the 200 EMA trail your SL or book your profits.
For more details refer to the image.
Comment below if you have any questions or queries.
Happy Trading !
Voltas view for today 6th FebVoltas view for today 6th Feb
Descendin channel continuation expecting in Voltas
Please follow strict risk reward and stop loss if u follow the level
Thanks,
V Trade Point
VOLTAS WEEKLY CHART1 week chart In this chart all the Resistance and Support zone are drawn in the chart may we get some ideas to take trade in this stock.
we are on short side zone in voltaswe are on short side zone in voltas
daily time frame close need to maintain below our red zone
Long setup for voltasThe chart pattern its showing bullish momentum in price action. after the breakout, it can give a good risk: reward ratio.
Entry price:- above @803
Stop loss:- @790
Target:- 1:1 or 1:2
Go long after w pattern otherwise double bottom Wait for double bottom ya changing of character means bullish higher high formation '
Wait for 770 '
Stop loss 750,
