VOLTAS LTDלונג
VOLTAS LTD[cup&handle]
VOLTAS LTD (NSE), we see a clearer depiction of a potential "Cup and Handle" pattern, which is a bullish continuation pattern. Here’s a detailed analysis of the chart
Cup and Handle Pattern
- The chart shows a cup-shaped curve followed by a slight downward handle, indicating a bullish continuation pattern.
- The breakout from the handle signifies a potential upward move.
Target Levels
- **1st Target (1st TRG)**: The first target is around 1800 INR. This is a near-term resistance level where traders might consider taking partial profits.
- **2nd Target (2st TRG)**: The second target is around 2400 INR, which aligns with the measured move from the depth of the cup.
. Volume
- The volume shows an increase during the breakout, which supports the validity of the breakout and the continuation pattern.
Buy or Sell Considerations
Buy Consideration: If you are looking to buy, entering around the current price (1534.25 INR) or on a slight pullback to the breakout level would be ideal.
Sell Consideration:
- Partial sell or profit-taking around the 1st target (1800 INR).
- Full or additional sell around the 2nd target (2400 INR) if the stock shows signs of slowing down or reversing.
The Cup and Handle pattern indicates a bullish outlook with a strong potential for upward movement.
- Consider buying around the current level or on a pullback.
Always ensure to monitor the volume and market conditions, and use stop-loss orders to manage risk effectively.
for MORE check in my TradingView ID
"in.tradingview.com/u/asAMOLSUTAR/"
If You LIKE MY Idea ......Boost. 🔥🔥🔥..its.
"Disclosure: I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
Cup and Handle Pattern
- The chart shows a cup-shaped curve followed by a slight downward handle, indicating a bullish continuation pattern.
- The breakout from the handle signifies a potential upward move.
Target Levels
- **1st Target (1st TRG)**: The first target is around 1800 INR. This is a near-term resistance level where traders might consider taking partial profits.
- **2nd Target (2st TRG)**: The second target is around 2400 INR, which aligns with the measured move from the depth of the cup.
. Volume
- The volume shows an increase during the breakout, which supports the validity of the breakout and the continuation pattern.
Buy or Sell Considerations
Buy Consideration: If you are looking to buy, entering around the current price (1534.25 INR) or on a slight pullback to the breakout level would be ideal.
Sell Consideration:
- Partial sell or profit-taking around the 1st target (1800 INR).
- Full or additional sell around the 2nd target (2400 INR) if the stock shows signs of slowing down or reversing.
The Cup and Handle pattern indicates a bullish outlook with a strong potential for upward movement.
- Consider buying around the current level or on a pullback.
Always ensure to monitor the volume and market conditions, and use stop-loss orders to manage risk effectively.
for MORE check in my TradingView ID
"in.tradingview.com/u/asAMOLSUTAR/"
If You LIKE MY Idea ......Boost. 🔥🔥🔥..its.
"Disclosure: I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
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