Vodafoneidea
IDEA will know no resistanceIDEA is at support level taking price rejection from below. We've got this trendline too acting as a resistance and after a nice downside move IDEA is now ready to fly. The main reason I'm bullish is, the stock's rsi has gone to 30-34 levels only once after covid fall and risen everytime and now it's at 34. Plus, market rising from support gives another boost to the stock.
Also we've got a couple of ma(9/21) resistance but it'll break through all. Macd ready to give buy signal soon too.
Will go long above today's candle's high and also have marked all the levels.
EK IDEA JO BADAL DE APKI DUNIYA! LOL BUT HERE IS MY VIEW ON IDEACHART 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!
Idea Trend AnalysisVodafone 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