IDEA trade ideas
#IDEA long trade setup (23/01/24)Greetings Folks,
today I have prepared a setup of NSE:IDEA on NSE
the analysis is as follows-
- the price was on a great bullish run
- right now, the indices as well as the stocks has fallen more than anticipated
- the circle marked has the highest probability of being a support now
- no market falls continuously, if this is a start of bearish run, we may see a little retracement in up side
don't play with fire, always use a predefined stoploss
LONG $NSE:IDEA The stock has broken out on the weekly chart but for the breakout to be confirmed it has to break this weeks high that is of 14.35 then only one should plan a trade here, if it breaks the high one can look to buy there or one can wait for it to retrace to the levels of 12.5-13.5 then plan an entry with a sl below 10.5 on a weekly closing basis for targets of 17-20-23 on a positional basis.
As the stock has moved almost 25% in a week it is better to add on dips.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
Vodafone Idea : View on penny stock Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: IDEA
🔍 Description: Stock is making Broadening pattern and we can see resistance around 20-22 levels.
In history stock has corrected 50% from the rise so will this time we will see correction of 50% or more ??
23 is crucial resistance level and if stock not able to breakout then we might see good fall.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Triangle Pattern Breakout - IDEAPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Vodafone IdeaSmall hurdel at 17.06, if this broken with good price action in coming week, the stock can come into uptrend, MACD positive and RSI bullish, 20 and 50 days moving avg crossover positive and on monthly chart stock is standing at near centre line of MACD which is likely to cross, so with 14 stoploss, one can look for 20 and 25 numbers .......
IDEA : Best trading opportunity in penny stock Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Flag & Pole
📌 Symbol/Asset: IDEA
🔍 Description: Stock has continuosly making patterns. And all are bullish patterns
Stock has just given breakout of Flag & Pole and now it has retested the same levels.
We can see huge momentum if 13.50 levels is not broken.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
#IDEA long trade idea setup (27/11/23)Greetings Folks,
today I have prepared a setup of NSE:IDEA on NSE
the analysis is as follows-
- the price is in retracing mode
- having retraced more than 50% , price is ready to start moving up again
- i am using the support below for entry not the current range support because the price has some imbalance to be filled and just to be on safer side
don't play with fire, always use a predefined stoploss
Best short opportunity in Vodafone Idea;Weekly "bullish flag breakdown". I am seeing target near Rs 3.5
This trade will take some time (weeks to months) and it'll test patience.
Risk-Reward
1:5
Don't forget to cover your short once the target hit. And and, go LONG at the Target price (for investing or monthly trading perspective)
VODAFONE TREND NOWTREND -POSITIVE DAY TL
PRESENT ZONE-Between DEMAND ZONE 1 & WEEKLY SUPPLY ZONE.from WEEKLY SUPPLY ZONE 15 has come down.
Another WEEKLY SUPPLY ZONE. formed.
FORECAST -As per ZONE
lots of SUPPLY ZONE's formed above.first must cross above previous high.Positive news flow/gap up required to go above.
MY TAKE-
if DEMAND ZONE 1 is broken then will target 12.45 which is MONTHLY DEMAND ZONE
negative bias.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON