Cup and handle pattern formation in Idea-inits going to upward currently its traded on daily support trend line if fail then the stock touch near to 17.15 in a week.
IDEA trade ideas
Idea - Cup of woes may endVodafone Idea - Looks like a cup n handle on weekly. I am not sure. But let us see. Keep tracking.
Vodafone Idea can go up * Add to your watchlist*Triangle and above 1h 200 EMA, Wait for BO and enter with good R:R.
** Educational purpose only **
Do ur own research before taking any investment decision
This is my personal view.
Idea is heading for 28-30rs range in mid term to long termIdea is showing strong view on monthly chart. There are very high chances for Idea to touch 28-30rs in mid to long term.
I am holding 25K shares
Voda Idea : Vey Strongly Buy. Rounding Bottom and Inverse Head..Voda-idea share price has made rounding bottom and inverse head and shoulder pattern.
When you study Rounding bottom pattern, it is said it is best if it has head and shoulder pattern inside. This is happening in this stock price chart.
STOCKMAN IDEA View:
Position : Strong Buy
Stop Loss : 9
Target : 18
CMP: 12.4
Vodafone Idea – Long for swing tradeBuy @ 9.50 – 10
T 1 – 14
T2 – 17.50
T3 - 21
SL - 8.35
Note: This is my view for educational purpose only.
vodafone idea making ascending triangle - keep eye and ear both vodafone idea making ascending triangle - keep eye and ear both on it.
What after Results ! Up or Down ! I think Idea is in making Cup and handle pattern in weekly chart shouldn't close below 7 and upside 10-14 big resistance.
If managed to close above 14 we can see levels of 20+ soon !
Close below 7 avoid !
IDEA - Swing
> A high demand area in daily and hourly time frame
> Trend line breakout with above-average volume and candle
> Inside candle after bullish candle
Vodafone Idea getting ready for a ride. Don't MissThe most under rated stock is now on its dream run, get ready for the big rally. As per my analysis Its now trading inside the triangle pattern so a breakout to the upside can give target of TP1 - 14.45 TP2 - 18 and TP3 - 23 keep stoploss under 9 as it is the bottom of the flag pattern. Good luck and enjoy the ride any bad news for the stock can ruin the rally but it's less expected keep stoploss and ride.
IDEA is looking good with strong consolidation prior to 13 & 15Idea's chart is looking very simple & clean for further up move.
Why I choose this trade:
Technical Analysis
Idea shot up from 6 to 12.55 within few trading days.
It cooled down to the 9 after big move and found very good support at 8.50 - 9
Since last few trading session it is ranging between 9 to 11 but not breaking 8.50 except 1 trading session.
Market Analysis
Idea told to Supreme Court that they are no in position to pay dues upfront.
Government is not in position to bail out at all due to Corona Crisis.
Declaring as bankrupt is the worst case scenario because many banks having exposure in Idea.
Most important taking out Idea from the Telecom leads to fear of Monopoly.
I strongly believe that shutting down operation is not solution here because the user base is still very large & it will affect on many people.
So best option could be paying dues in installment which Idea is asking.
Quit messing about lets go up ...Broke up from the pennant then dropped back tried to reclaim and failed again .
guessing there was some bad news regarding the financials. IF it does dip below i'd bail out and look for to enter lower.
Looks like its going to play out this descending wedge with 9.35 as the bottom.
Doubt there will be a long squeeze and we go down further however if we do 7.90 is next where we have the 99 day on the daily moving up and offering support.
The 50 day is at 9.65 which i wouldn't be surprised if it broke upwards from there.
Long term still a good hold
short term -double down on lower supports
still targeting 12.35 next
30 day Pennant Finale... Update on this baby which made a lot of people happy including moi this quarter.
this may have a last test of 9.35 however i feel this is ready now for 12.05 and 13.35 next .
Lost support a few days ago and dipped to 7.95 my order was at 7.90 so cheers for that.This may also be front run at 9.85 tomorrow.
May just see a repeat of that and this blasts upwards without a retest, am bullish on the nifty as well although Monday's can be a bit of a bore but do set the tone for the rest of the week.
MadGainz the sequel ...18 incoming?Enough of consolidation and confusing people lets go up MM , one last pull back to 9.35 maybe get front run at 9.40 and then we can take a break at 13.35 .
Managed to reclaim support after falling to 7.95 a few days ago to me the entire market is just waiting to break either way and i'd say the only way is up!
Everyone is expecting a 2nd wave and a big fall , what if it never comes and we just keep going up?
Remember the fall will only come when you least expect it and you probably won't have time to get your shorts on, ride the ways and manage your risk !
Dip to 9.35 would be a all in move with a tight SL at 9.25 this has a lot of liquidity and fomo behind it ,psychologically still under a tenner.
IDEA hello , yes i am new , i am following price action breakdown by laurantiue book .... just learner so its not advice just my chart
Vodafone Idea
Overall its like humty dumpty ......If u get profit in short or in log exit quickly .
What ever the market says it will never happen .
IDEA Retest done lets resume to 13.35-15.15 thxs! 12.65 and back down to test the uptrend line at 9.35 where the 7 day offered the first line of support . Quite a clean reaction from the supply zone.
Got to be honest 12.05 came really fast .. did not expect such crazy demand for an idea however got a partial fill at 9.40 still expect it to go lower mainly cause i want it cheaper !
However for now retest looks good and we go up .The 99 day is coming down to give us some resistance at 13.35 so that's where i'll target next.
15.15 is where i've always looked at being the last target since the 200 day on the weekly comes there and would rather buy back after it breaks.
Am positive should get a nice rejection and then maybe buy back around 12.05 .
PLAN B- Lets see what happens tomorrow , more sell pressure and we get our fill's? 8.75/7.90 if we're lucky 7.20
Keep your orders ready do not wait for the price to go there it might just wick down and you might be front run.
Never go chasing trades..::)
IDEA Wonder how long the FOMO lasts Following the chart as expected from 4 weeks ago ..
Break the 8.75 -9 supply zone and we ignite the second set of thrust's and into Orbit ..
15-18 zone is where i revisit after booking profit and buying back lower .
Till then am bullish :)
at present 9 day offering support on the 4hrs pretty much nothing below that .. so raise your stops and buy back lower !
