VOLTAS AnalysisThe chart provided is of VOLTAS LTD on a weekly time frame (1W) from TradingView, showing various price levels and targets based on Fibonacci retracement levels and projections. Here's a detailed analysis and summary:
Key Components:
1. Price Levels:
- Current price: 1,490.75
- High: 1,559.85
- Low: 1,481.95
- Close: 1,490.75
2. Fibonacci Retracement Levels:
- 0.618: 1,312.35
- 0.5: 1,205.05
- 0: 750.20
3. Target Levels:
- Target 1: 1,659.85
- Target 2: 2,222.05 (1.618 Fibonacci extension)
4. Significant Support and Resistance:
- Historical support around 750.20
- Significant resistance at the high around 1,559.85
- Perfect retracement noted historically, which acted as a support level.
Analysis:
- The stock has experienced a strong uptrend from the retracement level of 750.20 to its current level.
- The recent price action has breached the Fibonacci retracement levels of 0.5 and 0.618, indicating a bullish momentum.
- The first target is set at 1,659.85 , suggesting a potential continuation of the uptrend.
- The second target, based on the 1.618 Fibonacci extension, is projected at 2,222.05 .
Summary:
The chart for VOLTAS LTD indicates a strong bullish trend with potential upside targets at 1,659.85 and 2,222.05 . The stock has already surpassed key Fibonacci retracement levels, reinforcing the bullish outlook. The significant support level at 750.20 and historical retracement patterns provide a solid foundation for the current uptrend.
The price movement suggests that if the current resistance around 1,559.85 is decisively broken, the stock could aim for the targets mentioned above.
Voltasfuture
Voltas Ltd (VOLTAS) AnalysisThe chart provided is of Voltas Ltd (VOLTAS) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The stock was in a consolidation phase from mid-2021 to early 2023, trading in a range between approximately 1000 and 1300.
- Recently, the stock has shown strong bullish momentum, breaking out of this range and moving upwards.
2. Support and Resistance Levels:
- Support:
- Major support around 1327.60 and 1251.05.
- Resistance/Targets:
- Target 1: 1540.70 (61.8% Fibonacci retracement level)
- Target 2: 1721.55 (100% Fibonacci extension level)
- Target 3: 2012.15 (161.8% Fibonacci extension level)
3. Breakout:
- The stock has broken above the resistance level around 1327.60, indicating a potential bullish trend continuation.
- The breakout is accompanied by strong bullish candles, confirming the move.
4. Chart Patterns:
- There was a long consolidation period that formed a base, and the recent breakout suggests the beginning of a new uptrend.
- The stock appears to be forming higher highs and higher lows, a characteristic of an uptrend.
5. Fibonacci Retracement and Extension Levels:
- The chart shows Fibonacci retracement and extension levels, which provide potential target areas based on the recent price action.
- The 61.8% retracement level at 1540.70 is a key resistance level to watch.
- The 100% and 161.8% extension levels at 1721.55 and 2012.15, respectively, are further targets in case the bullish momentum continues.
6. Current Price Action:
- The current price is 1451.50, which is just above a key resistance level at 1485.85 (50% Fibonacci retracement level).
- The stock showed a strong weekly gain of 6.75%, indicating strong bullish sentiment.
Summary:
The chart of Voltas Ltd (VOLTAS) indicates a strong bullish breakout from a long consolidation phase, with the current price at 1451.50. Key support levels are at 1327.60 and 1251.05, while key resistance levels and targets are at 1540.70, 1721.55, and 2012.15. The recent breakout and strong bullish candles suggest the potential for further upside, with Fibonacci levels providing clear targets for future price action. The stock is currently showing strong bullish momentum, with higher highs and higher lows indicating an uptrend.
VOLTAS SHOW THE POWER OF TATA PRODUCT 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 upon client investment and risk capacity and holding capacity you can adjust your TRG
Voltas Levels & Strategy for Medium TermDear 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 trading skills and please do consult your financial advisor before trading.
My Strategy: Sell on rise only????? Please share your thoughts.
VOLTAS Now With LadderHello 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 this till our target points which are : 690 - 720 - 735. If you want to make new entry you can but try with limited Qty and holding mindset should be 1-2 Months. You can also check the chart as we have draw some lines of far support and resistence levels with the trend of red and green arrow lines which will help you to understand how Volatas showing trrend reversal on chart.
Hope You like our research and making good profit..
Thanks,
-UD Trade
Desclaimer : This is for educational Perpose We Are Not Sebi Registered You may ask your investment advisor before any action.
R-0114 Breakout of a rectangle pattern in VoltasTK 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 days of trading and a green bar shows a return of buying interest in the counter. Traders may buy above Rs 598 for a rally to Rs 625 and above that to Rs 650. Keep a stop below Rs 575.
VOLTAS form Doji with NR7#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 and 536
Breakdown : 590
LTP : 594
Breakout : 600
Long Target : 610 and 620 and 650
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Positive & Negative Point:
1) Bullish in Daily/Monthly/weekly chart
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
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.