Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]

VOLTAS LTD (NSE:VOLTAS)

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NSE:VOLTAS VOLTAS LTD

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VOLTAS

Observations:

1) On Daily Time frame you can see that it has taken good support from 1010 level and blasted from it with good bullish candle.

Please refer below chart : Daily time frame.

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For POSITIONAL trade one can take long position from CMP as well as any dip above 1010 level will be good buying opportunity. SL will be 990.

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Trade Setup for Date 02-09-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.

Please refer below chart for levels.