IDEA
IDEA? A good 1:5 RR here.Macroscopic Factors:
A will draw down from the macroscopic factors to this script. 10 yr TFT Bonds are around their crucial resistance and will likely witness a heavy selloff. The Indian indexes have filled the gap created on the budget and the following days now and there isn't a gap left to fill.
Similar Scripts:
Bharti Airtel (NSE:BHARTIARTL) experienced a massive volume around the closing on Friday, March 19. The recent report by Telcos are positive for all telecom companies.
Analysis
Vodafone Idea is around very crucial support at 9.70. The script has bounced sharply by 0.9 to 1.2 Rs within two trading sessions from around this level. Since the RR is good on the trade, I reckon to have to trades.
For High-Risk Takers:
In this strategy the capital invested is small but you stand to lose your capital even if we happen to have a successful trade here, but late. Buy Mar 10 CE and hold it until expiry of if we hit 10.25. We will likely see 11.45 on the chart, however, for that you are advised to follow the medium risk taker's strategy.
For moderate risk takers:
F&O is typically for high risk appetite traders since your chances of losing your complete invested capital is very high and if you don't follow the price action and other economic indicators (alongside the RSI and MACD), you are highly likely to fail. Buy IDEA Apr Fut at CMP or Apr 10 CE at CMP of 0.9. Exit when we close below 9.45 on the spot chart. This is our SL. The rest of the targets are mentioned on the charts. Reminder: If you take a Fut lot, you can rollover to May Fut eventually if the target takes longer and you won't be penalized for the time delay. Choice is yours.
IDEA (NSE) - Potential to Go UpGreetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
IDEA (NSE) - Potential to Go Up
Analysis of IDEA big Targets for intraday and swinger.For educational purpose only.
Reasons for bullish movement of idea:
1.Had crossed a major support, shown above.
2.Inverted head and shoulder breakout.
3.Flag and pole breakout.
4.50 and 200 EMA breakout.
5.Other markets also seems bullish.
Take entry after closing of green candle above 50 EMA in 30 minutes and 1h time frame. And see other markets also. If you are a very safe trader take entry after price crosses 11.85 Rs. Take Targets according to you ot use pivot targets.
Please comment your opinion or any suggestion.
Thanks!
TCS: Sell on rise set upTCS
3135
On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart
Alternatively,
One may consider selling February expiry 3250 Call option in the range of 60-80
Lot size 300
Max profit potential in strategy Rs 18000 - Rs 24000/- per lot
In built loss protection for a rise in price up to 3310-3330 on 25 Feb 2021
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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be