IDEA trade ideas
Idea CMP 10.35Idea CMP 10.35. Today it went up by 10% with huge volumes and huge increase in June and July future positions. These are the indications of long formations. It has also broken trend line resistances and broken the cup and handle formation. It can easily go to 12 plus very soon. Can be taken at current price with a sl 9 for a target of 11.1, 12.35, 13.5.
Idea: At important Fibonacci supportIdea
9.45 / 8.8 are 2 important levels for Idea
The stock is at important 38.2% Fibonacci retracement support levels
Short term target 12 / 14
Exit if weekly closing is below 8.50
Sustaining above 14.5 levels and the doors would open for target of 22 / 28
At current levels it provides good risk::reward ratio to go long
Take care & safe trading...!!!
Vodafone Idea Ltd Stock is moving in a range and Now the stock is close to the supporting zone.
we can enter if it breaks weekly high
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Targets are mentioned on the chart with green lines.
and SL is mentioned with a red line.
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Note: Do your analysis before taking any action and take responsibility for your action.
Thank you, Have a Nice Day.