Vodafoneidea
IDEA - Bullish Engulfing at support post steep declineNote: 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.
VODAFONE Trade Setup This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
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See Description For Further Details
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Stock Has A Breakdown And Consolidating Down From A Quite Long Time. Stock Recently Has Shown Some Breakout And We Can See Follow Though.
Buy Above (Current Resistance) -12.05, Target - 17.55
Give It A Thumbs Up If You Agree, Comment And Share Your Though, Always Good To Hear That. HAPPY TRADING!!! .
Go LONG in IDEA with 30 % TargetHi guys this is Trader Kanishk
In this analysis of IDEA
Why to go long with this huge target
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
everything have been discussed in the video .
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Nifty Outlook for Monday, 10th August | 50x InvestmentsNifty - Technical Analysis:
Nifty had a gap-down opening on hourly charts and remained within a range throughout the day.
On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets.
9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the markets.
Market - Driving Factors:
Vodafone Idea declared their Q1 results and it was once again a poor show in absolute terms. The stock still ended over 7% up because the results were better than street estimates. Lupin too had a poor Q1 and the stock ended over 6% lower.
Nifty IT and Pharma indices ended lower today probably because of a strengthening rupee. The Nifty PSU Bank index broke its poor recent run and ended almost 1% in the green.
Silver continued its stellar rally and is 2% up as of 5:18pm.
Nifty - Outlook for Monday, 10th August:
A break out from the 11000-11300 range could give some certainty to the direction of markets.
Such a breakout would at least lead to a measured move if not a deeper trend change for the long term.
A weekend break might just help markets get a direction and shift sentiment to one side. So, one should avoid any huge directional bets early on Monday till a direction emerges.
IDEA KEY LEVELS SUPPORT AND RESISTANCE 10/06/2020 WEDNESDAYKey Levels for VODAFONE IDEA : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10.75
FIRST TARGET~11.95
INTERIM RESISTANCE~12.65
FINAL RESISTANCE~13.60
LOWER BREAKOUT~9.05
FIRST TARGET~8.10
INTERIM SUPPORT~7.25
FINAL SUPPORT~6.25
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.