IDEA If only every stock played out like this...Sell order triggered at 8.75 like clockwork and bought back at lower support 7.95 straight away got filled.
We are near a busy supply zone but this baby does not want to stop .
Break 9.35 and we are moving up fast 11.25 minor resistance with 200 day on the 2 day time frame about there.
15 still final zone for me before i chill and reasses.
Was tempted to wait for 7.20 but jumped in anyways at with SL very tight ..7.80
NIfty still going crazy , do check out my thoughts on it from yesterdays graph . Will understand why 10500-700 area is imortant.
IDEA trade ideas
IDEA - Warning tread carefully This zone got absolutely smashed !!
Took off my entire position at 9.35 and was hoping to reload .May get a chance to reload at 9.35 since this has to do some profit taking or correction .
This kind of growth only happens when there are no sellers and buying has gone through the roof.
Hopped off cause wasn't feeling to comfortable. Gutted missed out on some more gains.So possibly re - enter at 9.35 for the next big zone on Monday.
Expect this ride to continue for a bit all levels are on the chart. From 3.65 my target had been 15-18 however think we are getting some serious long term investors fomoing at market price.
Just my opinion people it may just go to the moon if it breaks the long term downtrend line around 25.
Vodafone Idea - Break out or FOMO (speculative trades)Well, I have been observing this chart for over a monthly, frankly more so because a lot of people had exposures (some investors, stuck in the stock before the fall, and other speculators, to review the chart for them
My initial observations were very bullish at 4.5 to 5 levels... as there was an accumulation stage in process and volumes were high, and most importantly, RSI showing tremendous strength whereas price was in a big range. Generally when you have a range in a very big time, breakouts can be very strong (look at Tesla, a 4 year range break, 4times return in less than a year.)
Initial stand vindicated, prices doubled from where I'd first recommended.
Now, the big question, what from here?
Well the weekly charts show a breakout now happening and the daily charts also suggesting a few candles breakout and maintained. The zone from 6.5 to 11 had witnessed 2 big red candles to bring the price down and really no support at all when the prices fell last time. Now, when the breakout has happened, we have seen a strong big green candle and I am expecting the next resistance to be near the 11.10 to 11.45 levels....
15 on the stock is also possible, one has to keep an eye on the charts
Positives
1. Economic activities picking up, positive for telecom as an industry
2. Lockdown opening up
3. International equities, especially the US charts above 200 day MA and holding higher
Is this a stock to buy and hold, I think not yet. I may still recommend to watch out
IF I am long the stock, when do I exit
I would look out for price to move into a trading range on the weekly charts, suggesting bigger players dumping their stock, unless there is a fundamental change in the story of the stock
Keep reading , you can ask any queries if you have, happy to share my inputs
IDEA - Buy the Rumor Sell the News :)Looks like we need to refuel before we make the next leg up . Possibly bloody Monday before continuation from 5.80 levels just to shake off the weak hands .
Idea denied any talks with Google which "warranty " disclosure so my guess is just a chat over drinks at present .
Luckily managed to Sell the news and buy back lower still aiming for 8.75 short term and plan to add IF it does reach 5.80.
Long term swing positions should just chill and buy the dips.
15-18 is still my final target before leaving a moon bag for 2022.
One of the easiest shorts in a long time with played out the level to the T .
#Idea Moon time!!I still don't trade #indianstocks but as subs ask I do chart for them, if you want me to chart any stock for you let me know in comments.
descending triangle broken with good volume & retest held nicely, there is huge fair value gap above us & it is going to go & fill that gap.
I can't give you proper Risk vs Reward setup on this one but if you are an investor time to BUY!!!
IDEA -GOOGLE possibly more to join $$$ 6.90-7.20
8.75 -9.35
15.25 - 18.50 is where i expect some decent pull back along with it being near the long term downtrend line and our lovely 200DAY on the weekly.
Long term this baby can reach 77 where i'd probably unload my moon bag.
Google investment ,5G Potential for Indian economy in the next 10 years should be enough to get the FOMO mode activated.
Remember to keep raising your stop loss and pay yourself along the way .
BUY THE RUMOUR SELL THE NEWS !
In this instance an IDEA can literally change your life so please do save some moon bags for the long term.
Keep Raising Stops once in profit !