Last 4 year study of that share multiple range + flag + channel breakout and breakdown 3 year drama.Now that came on FIBONACCI .5 retracement point take two down side channel ready to take reversal and revenge of investors loss. Voltas price now near by 800 TRG 920/980/1080/1200/1400 that is trg based on quarterly / half yearly and year bases target
depend...
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
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...
#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
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Support : 580 and 552...
Stock 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...
