IDEA trade ideas
Idea Cellular
Idea Cellular closing below 103 good opportunity, posted very poor results
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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 Cellular heading channel resistance IDEA Cellular has been trading in down trend and trading in a bearish channel, although channel is wide enough, it seems to be approaching the channel resistance somewhere between 83-84 and it may reverse from there towards the channel support, but need to be cautious at 83 as trend may change from this level by breakout upside. there is limited upside but falling distance is much more.
Idea Cellular touching long term support 71.34Idea Cellular continue to its down trend and still looking week, stock has already touched its long term support and trying to retest again that level, stock if broke 71.34 will go further down ward or if don't it will target to its existing trend resistance somewhere between 84-86, trader should wait to retest the support 71.34 if it doesn't break this level then go long for a target of 84.00, if reaches 84.00 exit and wait for breakout, if breakout occurs trend then change and further long is favourable with a first target of 98.50.
Idea Going To Reach 70 Levels (Short idea!)On weekly chart, it is observed that the price action breaks out of crucial support level of 82 which signals further bearishness in the price action and the prices shall move further down to 70 levels where the next support located.
Good time to Short Idea Sir Ji
Target: 70
Stoploss: 85
HOT Stock on your watchlist - IDEA Cellular The level of IDEA is very crucial here. One can buy from here and add at the level of 70 with the target of double in 2-3 months. The company is working very effectively. The financials are strong to take the company above.
Initial target of 122 can be achieved very fast.
RSI of the company is very low ie. only 18 which is good sign.
Happy trading!!