IDEA trade ideas
IDEA BREAKOUTIdea looks good by breaking falling trendline resistance with good margins and succeed to close above that, giving bullish divergence breakout on RSI indictor too by breaking pervious resistance on that so we can see a nice up move in this stock from here.
Cause of long-:
1- Falling trendline breakout.
2- Rsi indictor breakout.
NOTE-: THIS IS ONLY FOR EDUCATIONAL PURPOSE
Vodaphone IDEA Vodaphone IDEA - if it gives a weekly close above 10.1, some serious upside possible to 30-35. Volumes is yet to confirm the move. Long journey.
View invalid below 9
IDEAAs you can see price is in particular range.. Volume is increasing near support and resistance.. But could not move downwards suggest big movement coming soon towards buy side..
Buy above 9.50
Target 13.45
RR - 1:5+
For educational purpose..
Idea Long you can see 3 head and shoulders and the channel ,,we can see the price crawl on lower trendline of the channel so it may soon bounce from there .
idea has a target of 11stock is forming a shark pattern with the D point at 11.o5 whicj incidentally intersects the curved trend line also
Fundamentals may be weak but technical analysis indicates rise Fundamentals may be weak but technical analysis indicates rise in stock price.
See how beautifully fib retracement is followed. Also shoulder pattern if formed. The stock price will rise for sure in future.
Bad result I don't expect vi to perform goodI didn't expect it to perform good anymore as the reported loss is 7400 crores. All investors are exiting the company due to poor growth
Clear resistance marked sell and by at lower levelsThis all are idea resistance. price can fall from this levels mark it on your charts and sell and reenter once it come down
Making profit is important in stock market think of people who got stuck at higher levels in vi around 50-100 levels
IDEA Positional Analysis CMP 9.3 buy for target 12- 13-15-18IDEA Positional Analysis
CMP 9.3
buy for target 12- 13-15-18-25-+
sl below 8 rs
holding period 3-5 years
Vodafone Idea looking BullishNSE:IDEA Vodafone Idea looking Bullish. CMP of 8.85, SL 7, Targets of 17, 26, 35. Please do not overboard, as this is a Penny stock
LongLong term view for good returns
No bulky investment suggestions just for the money what dont hurts you chart says it might jump anytime in coming weeks
Probable upmove coming in IDEAIt is clear from the chart that IDEA has already made a symmetrical triangle pattern
And broke that with a strong bullish candle (Proving strength)
Now it made Flag & Pole pattern.
Which indicates a swing trading opportunity upto 9.35 - 9.50 level. (On the tine of publishing idea LTP was 8.8).
SL 8.20 is a must.
And also the stock is at strong support on weekly timeframe
Vodafone - Idea If it had to bounce this was the perfect level 08.00Rs as per fib golden level 0.618, also it had taken support on same level 3 times , if it breaks this level it will be weak enough to touch approx. 6.00 rs level which is also a bottom of highlighted channel in light yellow, however it is a good sign to bounce from the same level where it took support 3 times, now upside i see a target of 22-25 rs in 6 mnth - 1yr may be as per previous data analysis , where it meets the bigger channel drew in light green, 16- 17 rs would be its 1st hurdle or can say point of profit booking as per previous channel high where it would also face resistance from Ema 200, which it has not broken since 2012. If we check RSI formation it broke its descending trendline and retested the same and now is upwards. all signs and analysis shows bullishness for coming few months.
IDEA poll and flag donePoll and flag Done
chances for DOUBLE BOTTOM
poll and flag pattern is very common in trading because it is very easy to catch and chances for target is very high
Vodafone idea long term analysis Recently monthly chart of Vodafone idea breaks the Trend line. We can see sharp fall in monthly chart. If Vi does not sustain this level the next support will be 5.2 and 4.55. As per current price action looks like Vi can get up to 1.5 Rs or may be less than that.
Desclaimer : This is my view as per current price action. If price pattern changes also change my view. This is not any buy or sell recommendation.
Idea Chart Analysis !!📈 Idea 📉
My Findings :-
1. Breakdown of Support Zone.
2. Breakdown of Head and Shoulder Pattern.
3. Close below Seven Month Low.
Bias- Short
Target- 7.95 and 5.75
SL- 11.55
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Idea is one of the leading telecom service providers in IndiaVodafone Idea is one of the leading telecom service providers in India. The Company is engaged in the business of Mobility and Long Distance services, trading of handsets and data cards.
Vodafone Idea- Decent Results, Volumes picking up in the counterVodafone idea, decent results this quarter added new subscribers and ARPU increased.
IF it maintains the momentum, the stock may see upside with targets and stop loss set on the charts.
*** Do not trade more than 1 % of your trading capital in this counter ****
****Educational Content . Not a Recommendation ****
0.786.. the idea factoridea previously bounced from 0.786 fib retracement.. this time too it is the last and strong recognised support which seems to be hold.. placed a buy order @ 7.30 with stoploss @4.55. lets see
