Idea is long term bearish and buying a longer term bearish stock is not a good idea. Long term investor need monthly uptrend to invest in. But as a swing trader if we consider a weekly time frame, then 5-7 rupee looks a good demand area. Look for the price action in this zone in upcoming correction.
📈 Idea 📉 My Findings :- 1. Breakdown of Support Zone. 2. Breakdown of Head and Shoulder Pattern. 3. Close below Seven Month Low. Bias- Short Target- 7.95 and 5.75 SL- 11.55 RR- 1: 1.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision...
NSE:IDEA #IDEA 14CE shared @ 0.8 reached 1.3 till now, details shared !!
It's usually difficult to find Inverted H&S and it takes a lot of practice to arrive at certain chart patterns. Here's an inverted Head and Shoulder pattern in Idea and it broke out today. Target is huge and Idea was anyway oversold. Leave in comments what you think ?
Its the weekly chart of IdeaVodafone . Patterns on weekly Charts are more reliable. Entry if closes above 13.60 Stop Loss at 13.60 First Target 17.00 Second Target 19.00 For study purpose only
IDEA CLOSE BELOW 11.80 THEN NEXT DOWNSIDE TGT IS 11.35 POSSIBLE
Note: This is for educational purpose only. There seems to be a bullish engulfing at support post steep fall. Support seems to be since June so assuming this as strong support. Entry Price: 9 SL: 7 Target 13 Caution: Please do not trade in F&O as the lot size is 70000. There could be huge losses in F&O.
Idea share price has been following trend within trend with ascending triangle. Hope it will touch level Rs 20 to 30. then sudden down or range bound possible. Short term target Rs 10 to 12 Mid term target Rs 20 to 30 Duration 20 to 90 Days Disclaimer: Stock Market Is Subject To Market Risk. Buy Sell Is Your Choice. Cheers! Vikas Gupta