as we can see the bearish engulfing pattern there and as idea is coming from prior downtrend and will follow the same
Double Bottom in the zone 65- 66- 1st low was in May 2012 & 2nd similar low in Nov2016- Expecting a highest target of 150 in coming days- initial target shall be between 115-120 zone which 38.2% of CD leg. Lock your risk with double bottom & red locks.
Strong support between 70-74 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
After Break major trendline--- First Impulse happened, Now it's in correction zone. Waiting for next Impulse, start around 75 End target 50 Good Luck. . . .
IDEA Looking For forming C&H pattern add 80ce near if spot at 75-76 sl 73 spot target in ce 3-5 in serie
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...
It is been observed on the daily chart that the price action breaks and closes above the downward trending line, indicating a bullish move ahead. On the chart, point X and Point A marked to calculate 61.8 retracement target. Target: 75 Stoploss: 69
Idea 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...
It is been observed that the price action is trending down on daily chart. Now, the price action is breaking out from a Descending Triangle, indicating bearishness and selling pressure. Target: 79 Target 2: 78.50 SL: 80.50
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
with sub degree of (5) showing extension and near end and with near weakly demand region.. can idea give weekly pull back of (B).. CMP 82.2 longs r good near the near region of 69...
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!!
The price action is been trading within a triangle formation and today we could see a clear breakout from that it may now go upto 97 levels to fill up the previous gap on daily as well as on hourly charts