Triangle Breakout in Vodafone Idea LtdTriangle Formation on Daily and Weekly Charts along with hammer pattern in Weekly Charts. Triangle was penetrated at INR 6.90. Target of almost INR 14.
IDEA trade ideas
IDEA VODAFONE LTD.Idea Vodafone ltd. is on 52 week high, and there is a major resistance level. Wait for price to resist/breakout.
IDEA (1D) Idea market structure and my personal setup for the long run.
For queries kindly comment below.
Voda Idea moving towards overbought zoneVoda Idea share increased 100% in last couple of weeks. 11INR is next resistance but its also moving towards overbought zone. As per back study of RSI, sell off start around 69%. Its currently at 68%. What you think??
Idea share may breakout higher above 7.75 tomorrow.Idea share may breakout higher above 7.75 tomorrow.For learning purpose only.
Immediate resistance aheadIt will be interesting to see if Idea can close above 7.70 tomorrow. Momentum indicates it is possible.
Crossed a resistance on Friday and held. One may go long with a support at 6.45,if 6.9 is breached,the next resistance will be met at 7.85
IDEA - Observations - Patience required4H chart is trying to give some useful info. Weekly chart shows that the price met it's resistance @ 7.8. As long as the price stays above 6.9, chances are the price is likely to touch 8.1 in the coming weeks.
#IDEA: Weekly @ 5.50 | 22-May-20 | Weekly#IDEA: Weekly @ 5.50 | 22-May-20 | Weekly
- Trend may be changing on weekly pattern
- Let see how it performs in next few days
- Chart may not know it has a huge huge debt but sector tailwind may take it to NEW trend
- Keep a watch on this space
#Watchlist
The Great IDEA!The stock has been constantly breaking from FLAG patterns and is now very close to the resistance of 6. Above 6, the stock can move towards 7, 9, and 12 in adequate time frame.
Keep a long stop at 5 and go long!
Please consult financial advisor as this is not a stock recommendation
IDEA - MONTHLY CHART - BULLISH Pls maintain the SL ENTRY & TGT
An idea Can change your life ..
Bullet points :
1. Last consecutive 3 months resistance tested with high volumes.
2. RS divergence increased the conviction
3. Once cross the 11.85 zone , gets more conviction to reach T3 = 38.75
Cheers
Idea - Bullish till 15-18 zone Trading above 200 day MA on the daily ,clear skies till 20 area .looking at playing the levels to compound our gains !
Long term downtrend line is around 15-18 depending on how fast this moves up
Double Top Chart Pattern in IDEAIDEA is trading into a triangle and at the same time it is creating a double top pattern at Rs.5.5. So we might face some resistance there but at the same time we can also witness the lower trend line of the triangle is directing upward which is a bullish sign. Keeping all these in mind one can go long at Rs.5.00 with stop loss at 3.85. Idea has strong resistance at 6 & 7.50. Maintain a position sizing of 1unit/Rs80
NSE:IDEA
Flag pattern in IdeaThere can be a buy call if the price breaks the resistance line that is at 5.85. On the other hand, if the price has not moved above the resistance line It can go down and take support near 5.
