Vodafone Idea attempted twice to break the resistance zone but unfortunately it couldn't and fall from around 18 Rupees so it becomes strong reistance in bigger time frame but after that in shorter time frame we can see that around 15 is became strong resistance which means whether it is bigger or Shorter timeframe it looking negative overall
Greetings Folks,
today I have prepared a setup of NSE:IDEA on NSE
the analysis is as follows-
- the price is in retracing mode
- having retraced more than 50% , price is ready to start moving up again
- i am using the support below for entry not the current range support because the price has some imbalance to be filled and just to be on safer side
don't play...
Greetings Folks,
today I have prepared a setup of IDEA on NSE
the analysis is as follows-
- The price has been on a good uptrend, now in my opinion i think price has to retrace to recharge its momentum
- i have marked the nearest support zone for price to settle, but just for safety i have marked another support zone below
- be very cautious if you want to counter...
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.
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
NSE:IDEA
One weekly time frame it gave breakout of 200 MA with increased volume.
200MA is placed at 15.11 level.
Any dip above 15 level will be good buying opportunity.
SL can be 13.45
Short term target can be 18.05
Mid Term Target can be 20
Long term target can be 23.40.
***************Please note this is my own study/opinion, it is not a trade...
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 ?
IDEA as on 03 Jun 2021 appeared strongly Bullish. it started trending in upward direction as soon as it opened. It generally happens when there's strong positive sentiment in the stock. Makes it attractive. Chances are good of this upward journey continuation. As we can see the stock is making a big green candle today which is sign of strength. One can buy IDEA...
