Vodafone Idea making a cup Pattern Wait and WatchVodafone Idea making a cup Pattern.
Vodafone Idea was moving in a Channel from June 2020 till April 21 and started making a Cup Pattern.
There is a strong resistance at 13.30-13.80 from where it reversed earlier. The next resistance is at 11.85.
So a decisive break and retest above 11.85 could provide an opportunity to go long for a target of 13.50. Put on watch list.
IDEA trade ideas
Idea - Channel PatternIdea been trapped in a channel pattern since June 2020 and now again from its bottom begins to move upward, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
FY21-22 Swing Trade Idea #94: Long on IDEAThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
[Intraday] Stocks Affected by Reliance AGM - WatchlistIts a general commentary.
My expectation -
1. Reliance will fall because Market already expected too much stuff for its AGM
2. Airtel will flash crack and give a good support-based buy.
No view on Suntv and Idea
See the Pattern
Right now they are moving in same pattern. Wait for the AGM in 14:00, You will see massive moves based the each comments there. Last time Reliance moved over 100 points in 5-6 mines.
Keep these stocks in your watchlist if you're a scalpler
IDEA Strongly Bullish ✈🔥🔥🔥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 for a long term investment.
Targets :-
T1 : 10.5
T2 : 11.8
T3 : 13.15
T4 : 14
T5 : 15
SL : 7.55
Duration : 6 Months to 24 Months
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
Also, do check the below related ideas for other stocks.
Patel EngineeringA good upside is expected once its sustains above 22 resistance, Volume in recent has risen .
*Short term*
Entry - 17 ( retest)
SL. 14.40(closing Basis)
Tg. 19/20/22
*Long term*
Entry - above 22
Sl 16.9 (closing Basis)
Tg. 30/35/40
Not a financial advisor, consult your advisor and enter at your own risk.
Comment your views
The cup and the holderThis is a likely bullish sign for a break out. Wait for it to break 10.50 then enter for a small trade. People have lost money in this script so be very CAUTIOUS. I've put a setup of a long position and you can follow that if you want at your own risk. I don't bet on this share. Entry at or above 10.50 SL 10.30 Target 11.60.
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