Idea (now Vodafone Idea) has been one of the biggest price losers in the Indian bourses. The script came down from price levels of 125 to almost 3.5. If we were to look at the long term chart (Monthly or Weekly), we can see that the price has broken out of a downward channel and as long as that level is defended, there can be significant upside for the stock. With...
Even tough stock price did not move anywhere in the last 10 years but I has made 3 times 100% moves in between the support and resistance .
It is always good to shortlist the stock based on fundamentals and take an entry with the help of technical analysis.
Will SBI repeat the same now?
Levels mentioned on chart
Bitcoin is making cup and handle pattern for breakout if it break the upper level then it can show almost 1000 point onsided move .if want the exacy buy level hit the like button and follow me . i will update through message .
Raymond standing on longterm strong support of 223
Considering all global index's are in positive incase if market opens positive,
should reach 235.
Incase if breaks this support level next strong support is around 177 and can be considered for good shorting
Spicejet is at a level which historically has acted either as a strong resistance or strong support.
If the level is held then Spicejet has a strong possibility of jumping back to 95 / 102 odd levels.
On a fundamental note
- Corona virus fears have let to many flight cancellations
so in the short term, things could be difficult
- but recent price drop in...
The resistance level is being tested many time in lower time frames and daily chart show flag (and also breakout pennant) which suggest long oppurtunity for long term.
For short term the price may go down from the resistance level and hit the target as I mentioned earlier.