As 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 has given Breakout in Daily time frame, it looks Bullish,
All the key levels are mentioned in chart with Stop-loss and Targets.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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This is short evaluataion For Voltas.. As per Current chart we can say that Voltas in purely up trend and can made new high soon, If you are holding this share requesting you all do not exit...
TK cross over at 585 + MACD cross over + ichimoku cloud break out soggest bullish momentum. Price action in Voltas shows a breakout from a horizontal rectangle pattern on July 20 and then price shows a return move to the top end of the rectangle pattern. The pullback is on low volume suggesting low selling interest in the counter. A series of long tails in three...
EMA - 20-50-100 narrow gap between all EMA's
RSI - good space for upward movement
MACD - below 0 and BULLISH cross over and we can expect upt 8-10% movement in LONG direction.
