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IDEA

IOC short term setupIOC is looking weak, in terms of price and volume correlation. It was consolidating in a range and then gave a break out of the range on 19th August. The volumes, then, were above the 100 DMA, suggesting some sort of strength from the buyers. After that breakout, price did continue to move higher, and volumes did expand as the price moved higher. But in the last 2-3 sessions, there have been various strong signs of sellers entering IOC, in form of bearish candles on back of volume expansion. This volume expansion has been more than the volume expansion during the bullish phase, suggesting supply is greater than demand. I will personally wait for more confirmation, such as bearish engulfing candle on back of volumes, to initiate any type of short trade. Another confirmation is the break of the upward trendline, marked with the callout box. Another decisive level is 90.5. There have been signs of supply near this level, as price has reversed from the level many times. If this level is broken with strength, then this would be a sign of supply being absorbed by buyers that are stronger than the sellers. If this were to happen before the trendline is broken, then the short trade setup should be cancelled, and the trend will continue to be bullish. Upside target would be 94.85 and downside target is 84.85. Risk should be managed according to your personal risk appetite. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefull! Hope I can help you become a profitable trader! Grateful!🙏
NSE:IOCShort
by inteliigentrader
2
Idea: Is it a good idea to invest in Idea???Idea CMP 9 The quarterly results have reflected a huge loss to the tune of 25K Cr loss... But most of the component of loss were for known reasons. On charts the stock has support AT 7.8-6.6 levels Above the red line the stock may signal a breakout... Keep a close eye.. Consider buying on dips or if you observe a breakout above the red line Disclosure: This stock has been recommended earlier at when the price was around Rs 4 in the month of January. Take care & safe trading...!!! Discliamer: - The view expressed here is my personal view - 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
NSE:IDEALong
by indiamarketoutlook
1
Go LONG in IDEA with 30 % TargetHi guys this is Trader Kanishk In this analysis of IDEA Why to go long with this huge target has it taken support trendline breakout new support levels new targets new stoploss levels entry levels for sharp entry and many more. everything have been discussed in the video . Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position. One more very important thing Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
NSE:IDEALong
by thisiskanisk
4
What to do after Q1 Results.Fantastic run up to the earnings. Here is what we should look out for if the earnings are good: first resistance of 769 (52 week high), second resistance of 770-775 (upper trading band range). Then this will fly high. If the earnings are bad follow these levels and add on every support: 725, 720, 710, 703, 695, 685, 660. Beyond 660 stop adding, and hold it for at least 6 months. This is going to give exponential returns. And if you haven't checked it out yet, take a look at my previous post on this scrip. The targets given were: 690, 725, 755, which were followed inch perfect by this scrip ;) Happy Trading. Stay home, stay safe.
NSE:SBICARD
by jackther1pper