Idea Swing Bet - HP TradeLong with aforesaid risk management. If you're hard stop loss guy, avoid this trade. It is likely to consolidate on this level.
IDEA trade ideas
Idea might be in for some more pain.Idea might be good to go for a small bounce before continuing the downtrend which looks like an WXY on the larger time frames(W,M). The Ascending broadening wedge on the medium time frames which could also be an ABCDE correction in 4rth up of C of Y , broke down nicely. IMO,We're doing 2 of 5 of C of Y down. After that I expect a break out of that descending broadening wedge in C of Y , we've been making since June'18. My initial targets after that potential break are INR 48-67 . I'll start laddering out in this range. But before that , We could go down to complete 5th of C of Y down which might take us to INR 22-25 region , aligns perfectly with the Fib extensions, aiming for weak wave extension for this 5th of C of Y down. RSI is also giving a hidden bearish divergence which confirms this down move for a potential 5(look at the chart below) . Would be an awesome place to ladder in.
A break above E of ABCDE would invalidate this count.
There's another possible chart pattern in the C of Y down i.e descending wedge taking C wave as a complete wegde. The targets would then be be different (INR 70-120) but that would take some serious buy pressure and even some patience.
This is not an investment advice and just my opinion of whats going on. DYOR, Make your own decisions, trade carefully .
Thank you.
Idea might be in for some more pain.
Idea might be good to go for a small bounce before continuing the downtrend which looks like an WXY on the larger time frames(W,M). The Ascending broadening wedge on the medium time frames which could also be an ABCDE correction in 4rth up of C of Y , broke down nicely. IMO,We're doing 2 of 5 of C of Y down. After that I expect a break out of that descending broadening wedge in C of Y , we've been making since June'18. My initial targets after that potential break are INR 48-67 . I'll start laddering out in this range. But before that , We could go down to complete 5th of C of Y down which might take us to INR 22-25 region , aligns perfectly with the Fib extensions, aiming for weak wave extension for this 5th of C of Y down. Would be an awesome place to ladder in.
A break above E of ABCDE would invalidate this count.
This is not an investment advice and just my opinion of how it can go on about. Take your own decisions , trade carefully and DYOR properly.
Idea sell for 23 Oct 201830 min. chart and using Fibonacci series below trade initiate
Sell Below : 34.80
Target : 33.80
Stop Loss : 35.70
Long Idea Cellular for 10 % target at 107 stop at 2.5 % Price95hey guys Idea Cellular failed 20 % but in intraday we could buy it for 10 % target
Naked Puts with 38 DTE on IDEAUptrend has sustained and reached Aug levels.
Nice recovery from demonitization.
Positive outlook despite Jio.
IDEA>>>> IDEA WHICH IS YOUR BEST IDEA...IDEA OPENED WITH A GREEN GAP AND LEAPT TO 119.....IT KEPT CONSOLIDATING AND OPENED WITH A RED GAP BUT RETRACED THE JUMP TO JUST 0.70 PAISA. NOW IS IDEA GOING TO COVER THE 70 PAISA IN THE NORTH OR is 78.25 waiting????
IDEA Correction Potentially Over.. Buying Opportunity!!IDEA has been correcting since a long time and it looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction.
Happy Trading!!
If short Idea Hold for target of 66 with SL of 81 on closing Hi all,
Found another sell set-up in Idea yesterday, however, couldn't post on time.
Set-up has been confirmed today with RSI pointing downward and stochastic crossover on downside with downward trending trend-line amidst bad numbers and all MA trending down.
If you already are short in Idea, I would recommend hold with SL of 80 and target of 66 on closing basis.
Thanks.
IDEA can see lower levels...NSE:IDEA IDEA has broken support levels around 103 after moving sideways for a while. Telcos are under clear pressure with imminent launch of Reliance JIO and over the next few quarters, pressure on CAPEX and ARPU is going to be significant.
Technically it is in bearish trend both on weekly and daily charts. MACD has turned bearish and Price has failed to break thru Ichimoku resistance cloud.
First target for idea is : 95 And if 95 levels are broken with significant momentum one can expect to see 70 levels over next few quarters. Stop loss for traders is 106.75
IDEA - can go LONG - expected target price 110 duration 14 daysRSI says in good scope of BULL Direction
MACD says good to BUY
100 as virtual support price.
IDEA - Connecting DOJI Signals a BUY DOJI formation at the previous support signals a buy for now.
Target 1: 104.50
SL: 97.70
Risk Reward= 1:4
