1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

VOLTAS-Breakout

Discussion in 'Technical Analysis' started by sujan4bw, Sep 23, 2012.

Page 1 of 2
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Voltas

    Hi Shabbir,

    There is symetrical triangle breakout in weekly chart of Voltas.

    It has got resistance at 132. Buy above 132 with high volume may touch 160.

    Let me know your view.

    Regards
    Sujan
     

    Attached Files:

    sujan4bw, Sep 23, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes above 132 looks really good.
     
    shabbir, Sep 23, 2012
    Share #2
  3. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Today Voltas crossed above 132....it is trading at 135.
     
    sujan4bw, Sep 26, 2012
    Share #3
  4. ajaysinghchand

    ajaysinghchand New Member

    Joined:
    May 26, 2012
    Messages:
    72
    Likes Received:
    2
    what should be the stoploss 120 ?
    should one get out of the stock lot of news saying that the stock has been downgraded by lot of brokerage firms due to not so good outlook for the company in future
     
    ajaysinghchand, Sep 28, 2012
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Many a times such news are used for big investors to get into the stock and so focus on pricing of the stock and that would say everything. News happens after the event.

    On top of that no such big brokerage firms are flashing news to help retail investors.
     
    shabbir, Sep 28, 2012
    Share #5
  6. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    Voltas

    Voltas was in long term downtrend and it seemed to have formed a base around 96-97 levels.. It is expected to give a U breakout pattern..

    1st target is 109... 2nd target is 115...

    Please comment..
     
    vishuhd1, Feb 1, 2013
    Share #6
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    No I would need some more time to predict that as a support. Either we can trade against the trend or may be wait for couple more weeks before predicting the support level.
     
    shabbir, Feb 1, 2013
    Share #7
  8. shwetagnema

    shwetagnema Active Member

    Joined:
    Jun 24, 2012
    Messages:
    252
    Likes Received:
    40
    Occupation:
    House wife
    voltas

    this stock has got a breakout after a long time above 88. Is it time to buy for target 97 and SL 82.
     
    shwetagnema, Oct 31, 2013
    Share #8
  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    stop should be 80-81 according to me and about target max 94-98-101

    If I would be in your place, I choose not to trade.
     
    sanjay_sansanwal, Oct 31, 2013
    Share #9
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Target looks achievable easily.
     
    shabbir, Nov 2, 2013
    Share #10
  11. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    Head n shoulder pattern has been formed in Voltas. Breakout at neck level 125. Can buy at 135 with target of 155 and stop loss of 125.
     
    srspriya06, Mar 4, 2014
    Share #11
  12. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Stop loss would be 120
     
    shabbir, Mar 4, 2014
    Share #12
  13. alphasupp

    alphasupp New Member

    Joined:
    Mar 7, 2014
    Messages:
    2
    Likes Received:
    0
    Hi
    I got disappointed when you didn't help me much on how you calculated your percentages on page 31 of 96 of your book
    William
     
    alphasupp, Mar 11, 2014
    Share #13
  14. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I did reply to the email but asked you to use the forum and that does not mean I did not help. Still I shared some info in email and here is once again.

    You just set the low range as 0 and higher range as 100 and then the levels in between becomes your percentage.

    So if Nifty moved from 5000 to 6000 then 5000 is 0 and 6000 is 100 and so if it starts correction then 50% retracement is 500 Nifty points from 6000 which is 5500
     
    shabbir, Mar 12, 2014
    Share #14
  15. hirenrachh

    hirenrachh Member

    Joined:
    Feb 13, 2014
    Messages:
    54
    Likes Received:
    11
    Occupation:
    Business
    hirenrachh, Aug 18, 2014
    Share #15
  16. shwetagnema

    shwetagnema Active Member

    Joined:
    Jun 24, 2012
    Messages:
    252
    Likes Received:
    40
    Occupation:
    House wife
    In my opinion, it's a breakout but SL level is too low
     
    shwetagnema, Aug 19, 2014
    Share #16
  17. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Last edited: Jul 16, 2017
    shabbir, Aug 19, 2014
    Share #17
  18. hirenrachh

    hirenrachh Member

    Joined:
    Feb 13, 2014
    Messages:
    54
    Likes Received:
    11
    Occupation:
    Business
    Voltas looks better now......Is it a buy above 245 sl 230.,...?
    Regards
    Hiren
     
    hirenrachh, Aug 26, 2014
    Share #18
    shwetagnema likes this.
  19. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    sl cannot be 230, rather it should be 210, which is way down(15%) considering the cmp. if buying for long term then its fine.
     
    yankeedin, Aug 26, 2014
    Share #19
    masihpatel likes this.
  20. shwetagnema

    shwetagnema Active Member

    Joined:
    Jun 24, 2012
    Messages:
    252
    Likes Received:
    40
    Occupation:
    House wife
    in my opinion, buy voltas above 245 with SL 230 and target 270
     
    shwetagnema, Aug 27, 2014
    Share #20
Page 1 of 2