Wedge BO in $IDEAThere is 5 year long Wedge Breakout in NSE:IDEA and this isn't the best part!! The best part is as per my analysis it can go ~10% up in this month(14 days). Other indicators are also bullish like RSI Breakout which makes it bullish even in long term. Hmagic Supremacy. Enjoy.
Note - This is just a prediction which needs your own research. Trade carefully. Have a nice trading day.
IDEA trade ideas
#IDEA LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of IDEA on NSE
the analysis is as follows-
- The price is on a good bullish trend
- The price is making a famous triangle pattern
- wait for breakout with good volume, if breaks down then wait for price to settle on the support below
don't play with fire, always use a predefined stoploss
#IDEA SHORT TRADE IDEA SETUP Greetings Folks,
today I have prepared a setup of IDEA on NSE
the analysis is as follows-
- The price has been on a good uptrend, now in my opinion i think price has to retrace to recharge its momentum
- i have marked the nearest support zone for price to settle, but just for safety i have marked another support zone below
- be very cautious if you want to counter trade the trend
don't play with fire, always use a predefined stoploss
IDEA (Same behaviour. Will it repeat?)VODAFONE IDEA LTD.
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Fabourable RR
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Same behaviour. Let's see will it repeat.
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Levels are posted on chart.
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
#IDEA LONGTERM LONG TRADE SETUPGreetings Folks,
today i have prepared a setup of IDEA on NSE
the analysis is as follows-
- The price structure is very optimal for swing trade right now
- price is trying break the static resistance which has been tested before
- if it breaks it with good strength, we can look for buys at minor retracements at lower time frame
don't play with fire, always use a predefined stoploss
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: IDEA
🔍 Description: Stock has given breakout of broadning pattern and now retest the support. We might see good bounce around the support area.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Idea Long Term Buyer AreaIdea is long term bearish and buying a longer term bearish stock is not a good idea.
Long term investor need monthly uptrend to invest in.
But as a swing trader if we consider a weekly time frame, then 5-7 rupee looks a good demand area.
Look for the price action in this zone in upcoming correction.
Basic funda analysis how to identify red flags by common senseHi guys,
Please read comnpletely ,in bull markets many stocks will come out as wealth destroyers, how this article will provide some fruitful knowledge and may help some retailers to saver their capital as nowdays some stocks are at crazy valuations
so basic thing for any stock is profits , i.e eps(earning per share)
so for example lets consider idea stock it has a market cap of 41377cr (reference from money control)
i still dont know how it trades at market cap of 41000 cr when it has quaterly results of minus 6148cr in mar 2023 last year minus 28245 cr (can refer from trendlyne .com) you can also find other year results which are also in -ve from 2017 to 2023 so it losses are like 150,000 cr from 2k17 to 2k23 even if you check in balance sheet in trendlyne total shareholders funds are itself around -73000cr ,so basically the company is like over in my point of view ,also you can see book value itself is -3.53 ,, i still hear some news from some guys that idea will go to 30 rupees or 40 rupees but if you consider this you will understand how big the bubble is,
i think there are many big guys stuck in the stock and they want exit may be ,i heard story of a guy who invested around 2cr in idea he still believes it will go to 50 , the point is the stock may rally ,because when someone want to dump the stock they need to increase stock value , that is why some stocks with bad fundamentals sometimes rally like anything ,
so why this happens, this happens because they need to attract retailers the bees with the fragnance of greed ,so some or the other retailer enters it with huge capital and they are done from next day many weak fundamental stocks start to hit ciruits and they will be trapped .
so guys fist basic avoid a stock with negative eps or losses-do not go and buy a loss making company even if there might be a positive news story floating around the social media
second check book value with respective to historical p/e
one of my fav is peg ratio ,, price to earnings growth ratio. if this is between 0-2 the companies are very good and growing constantly usually peg 0-1 are best , but 0-2 are also ok as it is compared with growth as ratio.
if you can compare various companies with respect to eps , and p/e along with sector p/e with some stocks you get a good idea of valuations ,
-------------------------->share value = eps*p/e
now take some companies on your own and see how they are valued how much eps is coming qoq and yoy , how much historically it trading with p/e
you can do so work comparison on the following stocks
tatacoffee
itc
iifl
bajaj finance etc any stock you wish further
for reference usually i prefer money control and for financials trendlyne is comfortable to me
so it is just to see if a company is in profit most basic thing , dont go blindly by brand name atleast look at basic numbers.
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :) this info is for educational purposes and how i analyse stocks and how i think.