IDEA
BTC - Yet another Triangle on 1H ChartBreak out of this Triangle will take us to 4050 Region.
Breakdown of this triangle will take us to 3300 zone.
Reason to be Bullish: Strong Support at 3500 zone. Any dip Below 3600 is been bought Quickly with a bounce.
Reason to Be Bearish: Triangles in Downtrends usually Break down.
Rpower; Trading at channel supportRpower
Cmp 30.90
- on an hourly chart the stock is trading near channel support
- channel trade set up target is around 35-36 odd levels
- stop loss if closing below 29.75
Risk :: Reward ratio looks favorable to go long
Take care & safe trading...!!!
Nifty grinding between 10430-10680 zoneNifty
CMP 10604
Last time when nifty was at 10503 levels charts were indicating up movement to remain intact till it holds 10430 levels.
Well Nifty has made a low of 10440 thereafter and has been doing a yo yo between 10430 - 10600 odd levels. Today's high so far 10651 is closer to the resistance level of 10680 indicated in previous post.
The idea remains the same - buy on dips.
Level of 10540-10560 could provide some support going forward.
Momentum might be seen once nifty manages to close above 10680 levels
Take care & safe trading...!!!
IDEA1) Triple bottom
2) IDEA VODAFONE merger completed
3) RSI divergence
4) Bollinger band squeeze-- whats next ? When will merger reflect in shareholding?
Long Idea with CBSL 67.5 with target minimum 78 Go long in IDEA with CBSL 67.5 with minimum target of 78 and if 67.5 breaks then go short for downside extension
ONE IDEA CAN CHANGE YOUR LIFE !IDEA chart pattern is tell us.. stock is moving in sidway ( 70- 120 ) level..
we can make long postion here with a tgt. of 90... 100... nd last 120..
The RSI indicator is also 40 LVL. (previous support.)
lets see what happen..
or more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
Idea - Technically a buyTechnically IDEA cellular is strong and can trade for bounce back.
Maintain SL as 71.
IDEA cellular , levels for april.need to watch result of airtel on 24 . and also track that on daily basis to trade this stock ..!
Idea at support levelsIdea is at support levels at 73.5 in the hourly charts and MACD has shown positive divergence. It could bounce from here and can keep on watch. Buy above 75, 1st target 80 by next week. Educational purposes only
IDEA CELLULAR Neckline BreakoutIdea has been respecting the neckline for a few months now. Currently testing it again. Awaiting for breakdown/Reversal
Positional Buy for a good returnEverything is mentioned there in chart
Positional Buy at CMP, SL below 90, target 130 in short term
'JUST DIAL' YOUR BROKER AND START BUYINGDouble bottom in monthly charts.
Breach of trend in weekly and daily.
Heavy volume on green days only.
The company just bought back shares last week around 395-400 levels.
are few reasons to long on this counter.
i will also mention - apart from trading, i see potential for investment on this counter too with target of atleast 650.
The company shall be a leader in the mainstream indices in future.
Animesh Vashisht
IDEA TrianglesIDEA has been moving in a triangle. Currently in the small range between the bottom parallel channels. Awaiting a breakout/reversal
Sun Pharma: Looking better Sun Pharma
Last time when stock was at 482, we were not very confident for a big move past 505.
The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better.
After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459 --466) so far
And if 460 /466 zone is held, the stock has every chance of making higher top breaking past the blue line (around 500 levels) & head higher towards 567 / 640 zone.
Take care & safe trading...!!!
SBI: Whats the story...SBI
CMP 256
Observations
- trading in ascending channel since Feb 2016
- currently at lower end of channel
-trading below 50 day EMA
- trading below 200 day EMA
View going forward
Scenario 1
- stock is at major trendline support & if the stock holds on to current level then
- the stock may see a bounce towards either 50 day EMA currently around 278 or max towards mid red line of channel around 295-305 levels
- and then we may see a bigger fall
Scenario 2
- The stock breaks past the channel support
- takes support around green line (around 244)
- on bounce finds resistance at 200 day EMA
- & falls again
Given the chart setup
- likely short term target 269-278
- & if we seen rejection on any bounce then the target over medium term looks likely to be around 220-196
Take care & safe trading...!!!
