VODAFONE IDEA Trading SetupNear the support of the trend line and previous resistance now acting as support.
IDEA trade ideas
Analysis of IDEA big Targets for intraday and swinger.For educational purpose only.
Reasons for bullish movement of idea:
1.Had crossed a major support, shown above.
2.Inverted head and shoulder breakout.
3.Flag and pole breakout.
4.50 and 200 EMA breakout.
5.Other markets also seems bullish.
Take entry after closing of green candle above 50 EMA in 30 minutes and 1h time frame. And see other markets also. If you are a very safe trader take entry after price crosses 11.85 Rs. Take Targets according to you ot use pivot targets.
Please comment your opinion or any suggestion.
Thanks!
Example of an EW analysis failure and our learning to trade withOm Namah Shivay
Brothers,
On 8-1-21, we did the analysis and target the short to 7.4. We see that the market moved
in our favor only till 90 paisa and then went in opposite direction. We were supposed to
be out from trade with our stop loss at 12.50. So were were in a failure.
After the trade failure with our EW analysis, we were supposed to re-analyze before taking the trade.
If we see the today's move, we may assume that one abc leg is complete, and some up movement is
pending and so so.
Om Namah Shivay
great opportunity for IDEA LONGIdea at veri crusial support at weekly trend-line, can do wonders in coming weeks, keep in radar for action.
What an Idea, Sirji !Although, the hypothesis is still developing, but there are few elements of technical analysis that hint at this becoming a good set-up for an up-move:
Pros:
1) Elliot wave analysis reveal corrective wave might be near completion
2) Positive divergence on hourly charts
2) Long-term trendline, Fibonacci level offer good support at 10.7 levels
3) Long-term multiple moving averages seem to support the up trend going forward
Cons:
1) Overall markets may further correct to 14,500 levels, where there seems to be a strong support and this correction might have a drag effect on general prices
2) The pattern might still be developing
Possible strategy - Enter with stop-loss at or below 10.3 levels, with a target of 13.5-13.7 and further to 15.5 levels, if the up-move gathers strong momentum.
Disclaimer : This analysis is purely for educational purposes and in no-way should be construed as an investment advice.
Best,
NS
#vodafoneidea levels for study purposeif #vodafoneidea survives and is a turn around story & it successfully establishes itself as a telco, why can't we see 197 in next 5 years? not a buy or sell recommendation.
DON'T MISS IT! VODAFONE IDEA ??VODAFONE IDEA HAS BREAKOUT UPSIDE. BUY EXPECTED COMING DAYS. LETS WAIT AND WATCH. CHEERS!!!
Rs. 11 to 12 is the best investment today on vodafone idea.The graph intersection is from the past 1 year and the past 3 months
Trendline BO and Rounding Bottom - will it break 14 this time?The stock gave trendline BO today and is making a rounding bottom. Go long above 13.1 level
VODAFONE IDEA : BULLISHAfter a triangle formation , idea is ready for the target zone of 18 with a sl of 18.5
update for existing traders + new buyersstay long
add more at mentioned level above
disclaimer - trade @ own risk
reference chart below
IDEA Levels for 04-feb-21(Intraday) BUY above 12.35 for 0.20,0.70,1.50+++
SELL below 12.15 for 0.20,0.70,1.50+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
