Stock in focus Voltas
Closing on 19-Aug was 1223
Swing support area 1190-1210
ATR on daily TF is 36
Entry / Exit Levels for 20-Aug
Method: Prev Close +/- ATR
1223 + 36 = 1259 (likely resistance area / sell area)
1223 - 36 = 1187 (this matches exactly with swing support area)
I shall look for buying Voltas near 1185
keeping SL at 1170 and tgt as 1218, 1222, 1232, 1242
Closing on 19-Aug was 1223
Swing support area 1190-1210
ATR on daily TF is 36
Entry / Exit Levels for 20-Aug
Method: Prev Close +/- ATR
1223 + 36 = 1259 (likely resistance area / sell area)
1223 - 36 = 1187 (this matches exactly with swing support area)
I shall look for buying Voltas near 1185
keeping SL at 1170 and tgt as 1218, 1222, 1232, 1242
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.