NeeteshJain

IDEA - CHANNEL BREAKOUT

Long
BSE:IDEA   VODAFONE IDEA LIMITED
It is been observed on the hourly chart that the price action consolidated within a channel or flag formation and now it has broken above the channel and moving towards the next resistance level .

Target: 116

Stoploss 111

Regards
Trade active
Trade closed: target reached: Target reached successfully, Regards
Comment: If it hold above 119 levels today then it shall move further up to 124-126 levels. Regards.
Trade active: Idea closed above 119 levels indicating further move up to 124-126 levels. Regards

Comments

Hi Neetesh , Should we continue to stay in Idea cellular CMP @ 112.10 now ? Do u expect uptrend or downtrend in near shorterm now?
+1 Reply
NeeteshJain anishg86
@anishg86, YES, HOLD WITH SL 107. Regards
Reply
anishg86 NeeteshJain
@NeeteshJain, Thanks for the prompt reply :) Would follow ur advice religiously :)
Reply
Idea is closing around 119 ? Do u expect more steam in the rally ?
+1 Reply
NeeteshJain anishg86
@anishg86, Yes, now it has closed above 119 levels, it can further go up to 125 levels. Regards
Reply
thank you. your technical analysis is very good. what one has to follow while trading intraday?
+1 Reply
NeeteshJain nalinakshi
@nalinakshi, I appreciate your generous words, wish you the best. Regards
Reply
Idea recovers 4% from day's low - supply hangover gone. Idea Cellular CMP @115.50. Has the Rally started again in Idea Cellular ?
Reply
Sir, this touched 107.10 today...should we hold further, pls advise.
Reply
NeeteshJain VikasChhatwal
@VikasChhatwal, Yes, until it goes 107 again.
Reply
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