Ending - Diagonal I have already posted on this scrip on weekly basis , but today close confirmed the next move
Its visually clear now that the Scrip is ending its move I am looking the 5 intermediate waves are about to complete completing the Last corrective wave C
It leaves only one Conclusion current move is about to end ,
But its also true that its last move hasn't finished yet , Look for last drop before it makes an turn around
Look for buying Opportunity
IDEA trade ideas
Voda Idea Rights Issue | Trade NiveshThe Rs 25,000-crore Vodafone Idea rights issue was subscribed 1.07 times at close of subscription on Wednesday, bankers familiar with the matter said, as India’s largest telco sought to raise funds to repay debt and ease financial pressure to effectively take on rivals Reliance Jio and Bharti Airtel NSE 0.39 %.
high 17.10
low 16.30
VODAFONE IDEA - A SIP IDEAAS PER TECHNICALS NEXT TARGET FOR IDEA IS 22.4.
STOP LOSS 15.8.
IDEA IS A BEST INVESTMENT IDEA FOR 2-3 YEARS.
THE POSITIVE REASONS:
TOP CLASS MANAGEMENTS WHO ARE INVESTING HUGE AMOUNTS OF MONEY.
BOTH THE MANAGEMENTS HAVE GOOD BUSINESS TRACK RECORDS.
WITH THESE INVESTMENTS THEY CAN TAKE UP THE NEW OPPORTUNITIES IN THE TELECOM FIELD.
NO NEW ENTRANTS EXPECTED FOR NEXT FEW YEARS.
DO THE INVESTMENTS IN SIP MODE FOR 2-3 YEARS.
SEE YOUR INVESTMENTS GROW.
NEGATIVE REASONS:
GESTATION TIME WILL BE MORE.
DO NOT GET TEMPTED/LOSE YOUR HEART IN BETWEEN.
BOTTOM LINE:
DO THE INVESTMENT IN SIP MODE. INVEST CERTAIN AMOUNT PER MONTH FOR NEXT 2-3 YEARS.
Long on Bail out package This scrip has made its complete one cycle of impulse & Correction , and its due for rally , but rally isn't coming that easy , wait for bail out package which in discussion
and you can look to Go long with strong daily close above 3 % in price range , this move will eventually will move further higher high due to expected 5 G development in coming years
Investment Yes its Good idea
One Last drop before Start of New impulse leg upThis one had very bad days in the past , i am looking this would be the last drop before it starts making a New Impulse leg up , one can look for investment opportunity
any Gap down on bad News , Take the opportunity in Small investment let some 500 USD run in cash , the down side would be limited to loss of the capital but the Up side has potential of increasing your investment to 4 times to the current price , buy on drop and hold it , it will likely give 400 % in an year or + few months
Good luck
IDEA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
VODAFONE IDEA- BREAKING OUT OF RANGE?? Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.