Monday, 1 January 2018

TRADE IDEA ON VOLTAS FUTURE FOR 02 JAN 2018



 ACHIEVED TGT 310
TOTAL PROFIT: 15000 IN JUST ONE LOT

“SELL VOLTAS BELOW650 TGT 640/625”
After showing strong bullish movement, it is forming a reversal pattern in short-term charts, the Primary trend of the VOLTAS is bearish. Strong Support level is seen on the daily chart at 650. it is likely to show correction with the breach of the support level of 650, where one may initiate the short position in it for the targets of 640/620, while stop loss can be placed at 675. On the other side, It is likely to continue the upside move in near term with the crossing of the resistance level of 675. as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 60.  After the breakout, the level of 675 One may get the targets of 695,715 in the stock with the stop loss of 650.
DAILY CHART FOR VOLTAS:

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