IDEA trade ideas
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 !
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 - 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 to go downIdea is giving us multiple negative divergence, and surely it will go down. Once IDEA breaks the confirmation trend line, you can short your shares for good profits. Keep watching IDEA for next few hours, or days.
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!!!
