IDEA trade ideas
Vodafone Idea break out resistance 4.50at 4.50 there was a resistance. it seems tome it has broken out the resistance.
Idea seems a uptrend for coming daysAs we see the pattern crosses the resistance line and goes in an upward direction
short position in voda-ideaThere seems to be a situation coming in few days to take a short position on vodafone-idea, where the price will come down to fill the previous gap. Hence price will come down from 6.15 to 4.85-4-5 levels soo.
please, do your own analysis before taking any trade.
IDEA - Trading Stock if price close above 7 for target of 12, IDEA - Trading Stock if price close above 7 for target of 12, short below 6.5
CAN THE VODAFONE GO ABOVE THE TREND LINE AND REACH 11.8 ??REMEMBER 2 THINGS
1) VODAFONE-IDEA is on a down-hill path , Hence shorting is the rule....( but Mac-D is showing divergence!!!)
2)11.8 is a big resistance area - in-case it reaches 11.8 , better to short.....
Shorting Idea vodafone - Swing tradeShorting Idea around 30.2, with sl 30.50 for probable target of 28.50 , 27.50.
Its below key fibo level of 30.20, excellent risk to reward ratio.
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 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
