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...
Looks interesting.
Pattern yet to breakout.
Above horizontal line should give approx 100 Rs.
Another trade is breakout above trend line can be a buy with target 580 being 200 EMA.
SL bottom horizontal line close open below.
at area of value that is support
above 20 and 50 ema
low momentum on macd can be chased
upcoming crossover
short term target 575
This is for educational purpose only take your own risk
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VOLTAS 1 DAY , ANALYSIS
* While Retracing Volumes are Dried Up (Indication Sellers Don't have Strength )
If Break 566 With Volumes And A Bullish Candle ( Flag Breakout )
Buy :- 566
SL :- 536
Target :- 619 ( 1:2 Aprx)
Swing Targets :- 635-665
![VOLTAS: [Intraday and Positional] Voltas](https://s3.tradingview.com/e/e8Ya4Rg3_mid.png "[Intraday and Positional] Voltas")
