Voltas : Above 820 - may reach 840-50-70Voltas appears to be positioning itself well above the 820 levels, with several attempts to surpass the 814-815 rs limit. If this level is crossed, there is a high chance that the stock may reach the 840-50-70rs mark.
The statement is meant solely for educational purposes and should not be taken as a recommendation.
VOLTAS trade ideas
Voltas In the Buying ZoneVoltas doing pretty bad for quite a long time. But it seems we are in the fair prices buying zone with some divergence. It might not rebound fast but should come back with at least 30% in a year time frame.
I will only add 1% of my investment (Rs 10,000) here. There won't be any stoploss and I am ready to forego the whole amount if a disaster happens!
Buying Price: 777.80
Qty: 13
Target: 1015
Disclaimer: Don't follow my trades blindly ! It's only for educational and entertainment purposes
VOLTAS AnalysisAfter forming a base level around the level of 745, VOLTAS showed a strong rising trend till the level of around 820
RSI=70(strong momentum)
ADX=21 and rising (strong rising trend)
Above 50,100 and 200 EMA's only below 20 EMA(839)
Resistance Zone:820-830
Upside Target: 845-850 and 865-870
Support Zone: 745-760
Below this level VOLTAS is weak.
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.
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.
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%
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