IDEA
FY21-22 Swing Trade Idea #94: Long on IDEAThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
IDEA Strongly Bullish ✈🔥🔥🔥IDEA as on 03 Jun 2021 appeared strongly Bullish. it started trending in upward direction as soon as it opened. It generally happens when there's strong positive sentiment in the stock. Makes it attractive. Chances are good of this upward journey continuation. As we can see the stock is making a big green candle today which is sign of strength. One can buy IDEA for a long term investment.
Targets :-
T1 : 10.5
T2 : 11.8
T3 : 13.15
T4 : 14
T5 : 15
SL : 7.55
Duration : 6 Months to 24 Months
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
Also, do check the below related ideas for other stocks.
The cup and the holderThis is a likely bullish sign for a break out. Wait for it to break 10.50 then enter for a small trade. People have lost money in this script so be very CAUTIOUS. I've put a setup of a long position and you can follow that if you want at your own risk. I don't bet on this share. Entry at or above 10.50 SL 10.30 Target 11.60.
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Idea: At important Fibonacci supportIdea
9.45 / 8.8 are 2 important levels for Idea
The stock is at important 38.2% Fibonacci retracement support levels
Short term target 12 / 14
Exit if weekly closing is below 8.50
Sustaining above 14.5 levels and the doors would open for target of 22 / 28
At current levels it provides good risk::reward ratio to go long
Take care & safe trading...!!!
Adani Power: Looking for alternative powerAdani Power
CMP 47.35
- We observe a sudden surge in the stock from 34 odd levels to 64
- the red zone has acted as a major resistance zone since 2013
- it again acted as resistance and the stock has tumbled to 47
- this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels
- & if the stock is able to hold on to this zone of 38-47, then the chart pattern has a strong probability to go past the big resistance zone around 66 in it's next attempt
- once it crosses, doors would open up for movement towards 96 / 115 levels
One may consider buying in staggered manner for medium to longer time horizon.
Pattern gets invalidated if trades below 34
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial adviser if need be
IOB: Long term chart set upIOB
CMP 16.15
- We observe a break out in the stock chart
- chart suggest, stock price currently in consolidation mode
- the zone of 13.25-16 is very important for IOB
- if held on to the doors open up for further upside in medium to long term
Target for the current set up 24.20 / 32-35 zone
Pattern gets invalidated if IOB weekly close is below 12.15
Buy on dips strategy may be deployed...
Risk reward ratio looks good to accumulate the stock from a medium to long term perspective
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Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be