IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction. Happy Trading!!
3 Drives Reversal pattern offers entry to go long in the stock for a target of around 80. One can adjust the stop loss suitably as per his trading style.
Its time to Buy IDEA for Medium Term when no one is interested in Buying and Sentiment is at the Extreme. But on the larger scale instead of selling stock is consolidating that says selling pressure is weakening
Strong support between 70-74 due to 1. Fib ratio 0.786 (70.76) 2. Previous support formed in 2012 - approx 70-74 3. Inverted double bottom which should form strong support @73 4. Double bottom formed at @ 70 5. Over sold in monthly charts Target - 100
IDEA Cellular has been trading in down trend and trading in a bearish channel, although channel is wide enough, it seems to be approaching the channel resistance somewhere between 83-84 and it may reverse from there towards the channel support, but need to be cautious at 83 as trend may change from this level by breakout upside. there is limited upside but falling...
It is been observed on the daily chart that the price action breaks and closes above the downward trending line, indicating a bullish move ahead. On the chart, point X and Point A marked to calculate 61.8 retracement target. Target: 75 Stoploss: 69
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...
It is been observed that the price action is trending down on daily chart. Now, the price action is breaking out from a Descending Triangle, indicating bearishness and selling pressure. Target: 79 Target 2: 78.50 SL: 80.50
On weekly chart, it is observed that the price action breaks out of crucial support level of 82 which signals further bearishness in the price action and the prices shall move further down to 70 levels where the next support located. Good time to Short Idea Sir Ji Target: 70 Stoploss: 85
The level of IDEA is very crucial here. One can buy from here and add at the level of 70 with the target of double in 2-3 months. The company is working very effectively. The financials are strong to take the company above. Initial target of 122 can be achieved very fast. RSI of the company is very low ie. only 18 which is good sign. Happy trading!!
The price action is been trading within a triangle formation and today we could see a clear breakout from that it may now go upto 97 levels to fill up the previous gap on daily as well as on hourly charts