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IDEA

IDEA Long SetupWhoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone. The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone. Aggressive traders can enter long at the current support level. Conservative traders, enter the trade at the break of trendline or at the fractal break. Keep the stop loss below the swing low. Targets: 97.30, 103.00, 108.00
NSE:IDEALong
by n.bhaskar1993
3
Nifty may go 10000+ in next 1 year.First of all, taking lessons from history, some similar sort of pattern/retracement took place. Here, I have tried to match the fibonacci pattern that was evolved in 2008 with present pattern. In 2008, reversal was shown right at 0.6%. So, in present pattern 0.6% shows 8186. This 0.6% retracement level is very much important for future course of action. This level will be extremely crucial and will indicate the strong bullish nature of nifty. Hope so my speculation will be bang on.
NSE:NIFTYLong
by dekadipak70