IDEA trade ideas
Idea:87.60 SHORT TERM CALL: above 87 next week target 95 & 99Idea was in news for sometime and it made an unexpected gain,
with out any strong fundamental. This is a call on request for an F&O trade.
I always follow cash data. so below are the cash price levels expected.
Idea:87.60 SHORT TERM CALL above 87 next week target 95 & 99
where as on down side below 85 it can go to 80
IDEA Long for Short term Holding Those who can understand this Chart are the Winners of this trade
Who fails to understand still need more insight , Merger of IDEA is on the way ,the feature projection of price will be higher high,
I am looking to enter in three steps , Buy on dip at 79.70 (15 %) , 78.10(31%) , 73.75 Add More with
Stop of 71.70, with Every 15 tick , add more of 9.35 %
Cheers wish you all New financial year ahead with IDEA
IDEA - Strangle Option StrategyCMP - 100
This is a direction-neutral strategy. I used it previously too. ( see in related idea )
Here I am buying,
95 PE - 3.5
105 CE - 3.5
Why ? Because it has moved a lot and I am expecting it to move further.
Caution : Experts do due diligence. New traders can look into this and paper-trade.
IDEA Long for day trade I will be entering Close above 93.80 for target of 101.50 with stop of 89.50
Cheers
IDEA Long SetupWhoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone.
The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone.
Aggressive traders can enter long at the current support level.
Conservative traders, enter the trade at the break of trendline or at the fractal break.
Keep the stop loss below the swing low.
Targets: 97.30, 103.00, 108.00
Going long with Idea might be a good IdeaA Nice flag breakout given by idea on daily charts, It might a good idea to go long with Idea
Flag Pole formed with very high volume consequently volume dried while forming the consolidation pattern.
At the end, Price given successful breakout to UPSIDE with increased volume which indicates a successful flag.
Target 50 points from 110, Stop loss Below 105 (as per risk appetite)
Trade Strategy :
Buy the pull backs to the flag or go long with the next impulsive moves ( Note RSI entering to 70+ levels)
IDEA - CONSOLIDATION BREAKOUT It is been observed on the hourly chart that the price action consolidated in a downward or a zig-zag correction and now it has broken above the downward trend line indicating buyers come back. It shall further take the prices up from the current levels.
Target: 112
Stoploss: 109
Second pullback after Idea-Vodafone MergerIts seems like a second pullback after Idea-Vodafone merger. If the price goes up on the coming days with considerable volume - its a LONG opportunity; however keep the stoploss just below the trend line .
Breakout from FLAG PATTERNAfter having an awesome movement, IDEA consolidated in narrow range. So the pattern which formed was FLAG. Recently prices have given an strong breakout from the pattern and likely to trade higher till 150 or levels which can also read as the size of pole.
Breakout from FLAG patternAfter a strong move and a consolidation face IDEA has formed a FLAG pattern. Now the prices have given breakout from it and likely to move up till the height of the Pole. So the target for the script could be around 150 or levels
IDEA - CHANNEL BREAKOUTIt is been observed on the hourly chart that the price action consolidated within a channel or flag formation and now it has broken above the channel and moving towards the next resistance level.
Target: 116
Stoploss 111
Regards
Idea Cellular
Idea Cellular closing below 103 good opportunity, posted very poor results
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Idea cellular - An opportunity of 33%Strong support @ 70 due to
1. Fib ratio 0.786 (70.76)
2. Previous support formed in 2012 - approx 70-74
3. Inverted double bottom which should form strong support @73
4. Double bottom formed at @ 70
5. Over sold in monthly charts
Target - 100
IDEA - Merger - 26% up - Now What?Personally,
I am entering into a long strangle.
This is an option strategy,
which is non-directional.
CMP - 97.6
Buying - 95 Put - @5.95
Buying - 100 Call - @5.35
Total Buying Cost - 11.30
I'll explain in detail in the comments after market hours.
IDEA Correction Potentially Completed.. Buying Opportunity!!IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction.
Happy Trading!!
IDEA (INDIA) Bullish Basing pattern -Daily ChartIdea Cellular is forming a bullish basing pattern and has defended the last swing low near 65/67 levels successfully. A break above 80 will confirm that the control has shifted to the Bulls.
IDEA - D66- Bulls Special Room-Up & Up & Away.Were you part of the special room no 66 with other friends. It was amazing & exciting to see green candles from 66 to 84.
Risk was almost negligible whoever got into that room-66
Previous Analysis
IDEA Buy : 3 Drives Reversal Pattern 3 Drives Reversal pattern offers entry to go long in the stock for a target of around 80. One can adjust the stop loss suitably as per his trading style.
Idea - What Next ?Idea already touched 5 year low . Technical setup looks perfect but What next is a big question ?
