IDEA trade ideas
IDEA DIVERSION ON RSIIDEA DIVESRION ON RSI SHOWING CHANGE IN TREND
SO BUY ABOVE 52.75
WITH SL-49.7
TARGET1-56
TARGET2-60
TARGET3-65
Idea - Descendant TringleNSE:IDEA has to break descendant triangle to show merger with Vodafone into shareholder's account.
IDEA1) Triple bottom
2) IDEA VODAFONE merger completed
3) RSI divergence
4) Bollinger band squeeze-- whats next ? When will merger reflect in shareholding?
Gap fill theory Stock opened with gap up on 24 July
Though 01 & 02 Aug candles breached low of 24 July, it is only on 13 Aug the stock filled the gap
Idea trendline breakoutIdea can break trend line and reach 58 levels if Nifty continues its momentum
Inside Bar and NR7Buy when price reach High of previous day candle Or sell price reach low of previous day
Wolfe Wave Good RR ratio 4Stock has formed bullish Wolfe wave that offers a good trade with small risk and if works and achieve the target it has potential of 4 times the risk being taken. Details are as under
Entry 53.6
SL 52.2
Target 57.6
RR 4
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Short term Long A Very Narrow price action with short term pull back trade , Stop 61.25 , target as per forecast
Idea - What an Idea Sirji!Keen observations have been mentioned in the chart itself! All self explanatory!
Idea Cellular Cautiously BullishAny turnaround in quarterly results can give Idea a push to complete Cypher Pattern. The stocks seems to have bottomed out. Targets of 120-185 can be considered if Mar'18 quarter shows improvement in financials.
