CHART ANALYSIS OF IDEA! THE BREAK ABOVE 14.50 WILL LEAD IT TO THE NEAR TERM TARGETS OF 17/19/24/28/33+
WAIT FOR THE PULLBACK TO ENTER IN IT AFTER IT BREAKOUTS ABOVE!
maintain sl of under 7 if you are a mid term player!
accumulation zone is of 9-12 !
ascending triangle formation on the daily charts! break above the ascending triangle can take it to 19 levels!
Vodafone Idea is getting huge FII now a day. I did the analysis of chart of Idea and levels are marked in Blue line (resistance) and Red line (Imp. Support)
From here Idea can go to 16 if level break (13.65) in upside
if in downside it closes below red line (12.45) , then next resistance will be at 8.70 to 8.40
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
Caution: Please do not trade in F&O as the lot size is 70000. There could be huge losses in F&O.
formation of a bullish triangle with bullish divergence in the MACD and bearish RSI so I feel a pull back to the support and then we break the bullish triangle. Measured move and target mentioned, start taking profit early and wait for breakout of bull triangle for a safer trade.