I have entered Idea at 9.50 and 9.20 seeing the higher top higher bottom. Price again closed abv swing high. RS is supporting strength. eMA has started trending up. Volume in upmove was good. Will hold position for 13 and 18 with stop below 8 on daily closing basis.
Price has given a very strong breakout of the triangle pattern with a very good volume. MACD and stochastic RSI crossover are signaling buy.
THE STOCK GOOD MOVE FOR BUY 10.20 TO 10.25 TARGET 10.65 TO 11.30, FOR S/L 9.30 LOT SIZE 70000/ INVESTMENT 7000 TRY TO OPTION CALL STRIKE 13 BUY 0.10 S/L 0.05 TARGET 0.15 TO 0.25
A 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
This 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. Message me for faster updates
Level for buying mentioned in chart (study purpose only)
IDEA looks good from here. Some key observation is as below. 1. Nice base creation @8 2.Currently Flag pattern breakout. 3.Volume profile 4.RSI making a higher low. Copied Disclaimer from my broie Kuldeep Soni: This idea is presented just for educational purposes only. You will be solely responsible for your own money & the decisions you take.
Idea has given an inverted H&S PATTERN Breakout with volume , even rsi took and bounce back from it's indicating trend reversal . Looks good for short term target of 14 , have potential to move 18/22 in long term . Not a financial advisor , ask your financial advisor and enter at your own risk. Comment down your views.
above support level of 10.15 with good volume. T1- 11.65 T2- 13.5 T3- 15.35 T4- 17.15
I had recommended this stock earlier also above 9.15 level. Today it's broken the resistance with volume. The stock looks good positionally for 11.65 and 13 levels.
Idea 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 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...!!!
trade with stop loss -9.35 and target at 11