The 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...
Stock was falling for the past 10-12 days which was ended by yesterday's green candle. It made a morning star pattern. Confirmation came after today's green candle. It was formed at good support level which was coincidently also 50% retracement of the last move.
It seems that a strong reaction was formed at these current price but it also not ruled out that if price trades below the first upper red line then the first target can be the second red line and then the Black line !
#VOLTAS has given weekly positive reversal from 640 low level with strong volume confirmation, prices have given a strong bounce from previous tops and strong 100/200 WMA with RSI above 60+ is suggesting a big move on card 725-750-850-950 in the near term.
Important support / resistance levels shown....Possible movement of this stock for this week and days to come....
Voltas TECHNICAL ANALYSIS FOR WEEK.
REFER CHART TO KNOW THE ENTRY,EXIT AND TARGET VOLTAS IS NEAR THE TRENDLINE SUPPORT SO LETS WAIT FOR THE TRAINGLE PATTERN TO BREAK SO THAT WE CONFIRM THAT THE TREND IS CONTINUING
Voltas is looking good to buy for target of 700-750
Hello There, Hope You all are fine and fit.. As you all aware we are sharing daily one stock analysation report here, Same you might book profit from our analysation.. 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...
VOLTAS could to day cross swing high and 200 DMA
Looks weak, results will drag it down, if 587 level is broken we will see big reds
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...
#VOLTAS is showing red candle since last 4 session and form the NR7 candle with doji. A Gap down opening on 27th July can show trend reversal. Showing Mix result in Technical Parameter: CCI is Overbought RSI is Neutral William %R is Neural ROC is positive MACD is Positive Long cover ---------------------------------------------------------- Support : 580 and 552...
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