Three possibilities.NSE:IDEA
1. Old trend line.
Possible that it will follow the trend line and move upward.
2. Forming cup and handle formation.
Possible that it may form the handle if it followed the trend.
3. Flag formation.
It may continue moving downward and break the previous trend.
This is my first post.
Please guide me and tell me if I am wrong with any of the analysis is wrong.
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IDEA trade ideas
Vodafone Idea Ltd. - INSIDE BAR PATTERN IN WEEKLYVodafone Idea Ltd.
#IDEA is trading within an Inside bar pattern.
Technical indicators are bullish.
RSI is above 60-level and is BULLISH.
TT2 Weekly Trend is BULLISH.
If the price closes above Inside bar 12.60, the nearby resistance is 17. If the price closes below Inside bar 8, the nearby support is mid-Bollinger band 5.70 on the weekly chart.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
VODAFONE IDEA (Cup formation)CMP = 10.4
Upside Target = 12.7 (22%)
SL = 9.4 (9%)
Look to accumulate on dips within the current channel so that your buy price is as close to the stoploss.
If it breaks out of the channel in the next trading session, buy with a STOPLOSS of 10.7 - 10.4 based on your risk appetite.
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
More accuracy = more profit potential & controlled loss.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Vodafone Idea Ltd. - BUY in BULK!!Vodafone Idea Ltd.
The stock has been trending in a narrow range and formed a pennant pattern.
Today, the pennant formation breakout is visible clearly. Sustainable trading above 10.80 may increase short term bullish bias more on the higher side.
RSI is above 60 and is Bullish.
TT2 Daily & Weekly is Bullish as well.
The next resistance is 12 and then 15 on the Daily Chart. Nearby support is 7.9.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
IDEA KEY LEVELS SUPPORT AND RESISTANCE 10/06/2020 WEDNESDAYKey Levels for VODAFONE IDEA : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10.75
FIRST TARGET~11.95
INTERIM RESISTANCE~12.65
FINAL RESISTANCE~13.60
LOWER BREAKOUT~9.05
FIRST TARGET~8.10
INTERIM SUPPORT~7.25
FINAL SUPPORT~6.25
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.