idea range breakoutvodafone idea has broken the box range and this can give upto 20-30% in upcoming month
IDEA trade ideas
Idea channel Idea Vodafone is trading in a channel. Currently it is at the bottom of the channel. Buying is done from here and the first target is of 19 rupees and if the channel is broken then the next target is of 49 rupees.
Vodafone Idea Bearish Flag Pattern on Monthly ChartDescription
The monthly chart of Vodafone Idea Ltd. (IDEA) displays a prominent bearish flag pattern, a continuation pattern signaling a potential continuation of the downtrend. This pattern is characterized by a steep decline followed by a brief consolidation period with an upward-sloping channel, resembling a flag. Currently, the price is hovering within this flag's boundary, attempting to break downwards after a significant rally off its all-time lows.
Notably, the stock recently tested the upper boundary of the flag pattern but faced strong selling pressure, as indicated by the rejection candles and heavy volume.
Why This Chart Matters
This pattern is crucial because it suggests further downside potential in Vodafone Idea's stock price. With increased volume on down days, the likelihood of a breakdown from this consolidation zone is high. Given the company’s financial challenges and competitive pressures, the technical breakdown of this flag pattern could potentially lead to a continuation of the stock's long-term downtrend, driving the price towards previous support zones.
Traders should keep an eye on this pattern as it provides an opportunity to gauge the bearish momentum in the stock, particularly for those looking to enter short positions or exit long positions to mitigate risk.
Conclusion
With a confirmed breakdown from the bearish flag pattern, the stock could see further downside. Investors should proceed cautiously and monitor for a close below the lower boundary of the flag, which would signal a likely continuation of the downtrend. This setup presents a bearish outlook and could be an ideal opportunity for swing traders who are aligned with the current market trend in IDEA.
IDEA breakout Today Idea gave a Range breakout and Inside Bar breakout with good volumes. One can achieve target of 7.3, 7. Please do your own analysis too.
VODAFONE IDEA | Vi Analysis | My trade Update on the stock My analysis for vodafone idea . A technical trade based on demand and supply
NSE:IDEA
VODAFONE IDEAHello & welcome to this analysis
In the monthly time frame its holding onto a rising trendline making a higher low & higher high pattern.
Failure to sustain above 8.50 could lead to further downside towards 7.25 - 5.75.
In the daily time frame its forming a divergence which requires it to sustain above 10.50.
Next big resistance at 12.50 then 14 and 16
Happy trading / investing
IDEA | Quick 10% Gain Possible | Investment also Possible ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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An opportunity definitely IDEA CMP 9.31
I keep covering this stock as i see a hell of an opportunity here.
Elliott- the current corrective pattern ABC is an expanded flat pattern. Mind u this is a bullish corrective pattern. The C leg is so sharp that it forces many to exit once the stock bounces back. Do not fall for it, its just a correction. A bit of correction more may be but u wont see these levels after a month or two.
Bullish Gartley Pattern in Vodafone IdeaHi TradingView Traders,
I am seeing a Bullish Bat Harmonic Pattern in Vodafone Idea.
I am hoping that it’ll drop more 20%-22% from this point. Then a reversal is possible.
And Bullish Harmonic Pattern always tend to give greater returns.
Disclaimer: This is just for educational purposes and not any advice for trading to buy/sell.
Please share a valuable feedback in comments if you if you see any more patterns or ratios.
Give it a rocket if you like this technical analysis.
Vodafone Idea Support & Resistance Vodafone Idea (IDEA), here are the key support and resistance levels based on recent data:
Support Levels:
First Support: ₹9.98
Second Support: ₹9.49
Resistance Levels:
First Resistance: ₹10.77
Second Resistance: ₹11.07
IDEA 200 ?Hi guys
currently this is a one wave analysis i will share more chart of idea if this is happen
I am sharing a analysis of idea share which is current trading at 10rs levels, I am thinking this share will change their trend from 5-4 Rs where this share will complete its second wave as per my analysis we can sit in this share with the previous low which is of 2.40rs and currently i am sharing what i have vision. i will post again chart of idea if it cross above 40.
share your thoughts in comments
Thanks
ishu prajapati
Great Opportunity for Vodafone IdeaIDEA just reached below its recent IPO price and has strong support on ₹10. It's currently in over sold zone and is a great opportunity for BUY.
Entry: ₹10
Target: ₹20
SL: ₹7.5
Upsides:
- Existing Network Built on 5G-Ready Architecture
- Trusted Brand with Strong Proposition
- Strong Promoter Support
Downsides:
- AGR Ruling
- Financial Results
- Subscriber loss
BuyBuy IDEA at cmp 15.60 stop loss 12 closing basis
Disc : It's not an investment advise to buy or sell
Vodfone Idea AnalysisBefore the result announcement, A bullish breakout is expected till 19 with resistance levels at 17.26, 18.50
Bullish invalidation below 15.88 with lower side targets at 14.57-14.75 and 13.86 as T1 and T2.
BuyBuy IDEA at cmp 15.60 stop loss 12 closing basis
Disc : It's not an investment advise to buy or sell
Bearish F&P pattern.Worst stock ever to be listed on the Indian stock exchange. A clear flag and pole pattern formed on the monthly chart with a target of 2.8, in line with Goldman Sachs' target of 2.5. Retail investors should stay far away. The AGR outcome was the final nail in the coffin. Buy at 2.82 if you wish.
IDEA Do or die levels 👑 IDEA 👑
Price is at very important level of 10.50.
It is very important for price to hold between
10.00 to 10.50 in order to stay Bullish.
Price dropping below may give complete control
to bears and we may see Price in single digit for
a long time. Hence better it reverse from here.
May take support from Rs 8Rs 8, 10.5 & 13.5 have been important levels for IDEA since few years. Currently its around 10.5. we may see stability at level of 8 and maybe reversal from those levels.
IDEA // Level // 30 min"Welcome to SkyTradingZone "
Hello Everyone 👋
For Vodafone Idea Ltd (IDEA), the stock is currently trading around ₹13.581. On a 30-minute interval, the stock has been showing some volatility. Here are the key levels to watch:
Support Level: Around ₹13.20
Resistance Level: Around ₹14.00
These levels can help you identify potential entry and exit points for your trades
Vodafone in 4H & 2H Demand Zones: Potential Reversal Ahead?Vodafone is currently consolidating in both the 4-hour and 2-hour demand zones , coupled with daily trendline support , indicating a strong potential for a bullish reversal. This price consolidation suggests potential accumulation and could lead to a bullish reversal in the near future. Also convergence of support levels across multiple time frames adds confidence to a possible bounce in price action. There should be a lookout for a potential bullish breakout, especially considering the strong confluence of support levels.
Key Levels:
Daily Trendline Support:
4H Demand Zone:
2H Demand Zone:
Breakout Possibility
The price is consolidating within the demand zones in both the 4H and 2H time frames, while maintaining contact with a daily trendline support. This consolidation could signal an accumulation phase, where the market is indecisive before a breakout. Once the price has broken out of the range (i.e resistance @ 13.77), The target could be the next supply zone around 15. There is also a small gap filling opportunity as well
Chart Analysis (Vodafone Idea Ltd. 30-Minute Chart)Chart Analysis (Vodafone Idea Ltd. 30-Minute Chart)
Price Action:
The stock is currently trading at ₹13.19, slightly up by +0.53% from the previous close.
The chart shows a significant decline from ₹16+ levels in August, indicating strong selling pressure.
Recent price movement shows some consolidation between ₹12.80 to ₹13.50, suggesting that the stock might be attempting to find support around these levels.
Volume Activity:
Volume is relatively low compared to the sharp declines seen earlier. This suggests that there may be a lack of conviction among buyers and that further price movements could be triggered by any major news or market events.
There was a major volume spike at the start of September, which corresponds with the sharp decline in price.
CVD Indicator:
The Cumulative Volume Delta (CVD) is positive at 16.861M, indicating that there have been more aggressive buyers than sellers in recent sessions.
Despite the CVD being positive, the overall price movement has been downward, which might indicate buyers are not strong enough to push the price higher at the moment.
Key Levels:
Resistance: Immediate resistance seems to be around ₹14.00 to ₹14.50, which the stock may find difficult to break unless there’s a surge in positive market sentiment.
Support: The stock is trying to hold on to the ₹13.00 level. If it breaks below this level, it could test lower support near ₹12.50 or even lower.
Trend:
The stock is in a clear downtrend after peaking in August, and there is no strong indication of a reversal yet. The recent price action seems more like a consolidation before the next move.
Conclusion:
The chart reflects a period of consolidation after a sharp decline in Vodafone Idea’s stock price. While there is some buying interest (as seen from the positive CVD), the overall trend remains bearish. Key resistance at ₹14 must be broken for any significant upward movement, while support around ₹13 is crucial to watch. Any major news on debt resolution, government support, or partnership deals could influence future price movements.
IDEA 27-08-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) from support trendline
2) parallel channel
3) good volume
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
this counter will test ur patitenceIdea CMP 13.58
I have been bullish on this counter for some time . Here is Elliott angle.
The rise can be divided into impulse waves which means the uptrend in this counter has started. Currently it is likely to correct all the way to 11.75. Now this will be the place to buy this counter, as it will zoom to 19 bucks again. There will be one more heart ache from here which will be deep. The dreaded C leg. This fall will be the best place to buy.
