Idea Bullish viewBreakout trading
Levels are on the chart
Disclaimer: This is not a stock recommendation .
IDEA trade ideas
Fundamentals does matterIdea reached the high of Rs.13.8 ignoring the Fundamentals and once people started realizing its worth, it started to fall.
Too many indications which shows adds up to the fall:
1. Weak Fundamentals
2. Trading near the downward channel which started in 2015 and Idea is not strong enough for the breakout
3. It slipped down from the Orange Line(Trend line)
4. 200 days EMA is broken
5. Decreasing users
After considering the above,
We can see Idea at Rs.5 levels very soon.
Idea took the rally from Rs.5 level after the false news of Amazon planning to invest in Idea.
Now that it is clear, MNC's are busy tearing down the FUTURE of potential companies that are on the verge of Bankruptcy,
we cannot expect them to revive a company like IDEA.
Revival depends on the people who are living around it and not by pumping more and more funds into..
At present, i don't feel that idea has the potential to break the purple line.
If my predication is as good as the market decision of the idea share to be at, we can expect the share trading at Rs.5
Medium Term : Vodafone IdeaTrading near Demand Zone, Volumes Drying up as price is coming down
Looking good to Enter CMP and add more on Dips at Zone for 12.90 20+ Targets
Exit if Demand Zone is Violated
IDEA? A good 1:5 RR here.Macroscopic Factors:
A will draw down from the macroscopic factors to this script. 10 yr TFT Bonds are around their crucial resistance and will likely witness a heavy selloff. The Indian indexes have filled the gap created on the budget and the following days now and there isn't a gap left to fill.
Similar Scripts:
Bharti Airtel (NSE:BHARTIARTL) experienced a massive volume around the closing on Friday, March 19. The recent report by Telcos are positive for all telecom companies.
Analysis
Vodafone Idea is around very crucial support at 9.70. The script has bounced sharply by 0.9 to 1.2 Rs within two trading sessions from around this level. Since the RR is good on the trade, I reckon to have to trades.
For High-Risk Takers:
In this strategy the capital invested is small but you stand to lose your capital even if we happen to have a successful trade here, but late. Buy Mar 10 CE and hold it until expiry of if we hit 10.25. We will likely see 11.45 on the chart, however, for that you are advised to follow the medium risk taker's strategy.
For moderate risk takers:
F&O is typically for high risk appetite traders since your chances of losing your complete invested capital is very high and if you don't follow the price action and other economic indicators (alongside the RSI and MACD), you are highly likely to fail. Buy IDEA Apr Fut at CMP or Apr 10 CE at CMP of 0.9. Exit when we close below 9.45 on the spot chart. This is our SL. The rest of the targets are mentioned on the charts. Reminder: If you take a Fut lot, you can rollover to May Fut eventually if the target takes longer and you won't be penalized for the time delay. Choice is yours.
IDEA will know no resistanceIDEA is at support level taking price rejection from below. We've got this trendline too acting as a resistance and after a nice downside move IDEA is now ready to fly. The main reason I'm bullish is, the stock's rsi has gone to 30-34 levels only once after covid fall and risen everytime and now it's at 34. Plus, market rising from support gives another boost to the stock.
Also we've got a couple of ma(9/21) resistance but it'll break through all. Macd ready to give buy signal soon too.
Will go long above today's candle's high and also have marked all the levels.
VODAFONE IDEA BUY IF BROKE OUT ABOVEVODAFONE IDEA FORMING FALLING WEDGE CHART PATTERN , BUY ONLY AFTER BREAKOUT ABOVE, use horizontal dotted lines as possible take profit levels
Voda Idea - shall we ring into??Charts suggest the price action could take place soon, in the counter.
isnot it looking scary now?? just to warn you!
Disclaimer:NOT SEBI registered. Charts produced here are for personal reference only and not any recommendation.
supportIdea is trading under crucial support
Investor can concentrate here
Target 1: 11.30
Target 2: 12.55
Target 3: 13.70
IDEA (NSE) - Potential to Go UpGreetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
IDEA (NSE) - Potential to Go Up
vodafone idea levels for study purposeBULLISH HARAMI INDICATES SHORT TERM UP TREND. IMMEDIATE TARGET SHALL CROSS 50 DMA 11.75
#vodafoneidea levels for study purposeit's a buy at 10 for target of 12.5 again & hopefully 15.5 this time in next 1-2 months. strong support at 9.6. uptrend confirmation only above 10.7.
levels are for study only.
IdeaNow Idea on Major Weekly Support if it will Take the Support from Here then we have the nice setup ready for Short Term, Mid Term and Long Term gain Stop Loss Should be 10 on Weekly Close Basis that means if it will close below 10 on friday 3.20 PM. we will close the trade
Voda Idea - enter in SIP modeChart has many patterns emerging leading to confusion. Better to wait for 9.25 - 9.75 levels.
