IDEA trade ideas
Reversal Symmetrical Expanding Triangle Pattern - IDEAIntroduction:
In this post, we will be analysing a reversal symmetrical expanding triangle pattern that has formed over the past six months on the IDEA price. We will also be applying the projection tool provided by TradingView to predict the potential future movement of the price. Reversal
Symmetrical Expanding Triangle Pattern:
A reversal symmetrical expanding triangle pattern forms when two trend lines converge and meet at a common midpoint, creating a triangular shape. Unlike a traditional symmetrical expanding triangle pattern, a reversal symmetrical expanding triangle pattern is characterised by a divergence between the price and the indicator, indicating a potential change in trend. The pattern is considered bullish when the convergence occurs between two downtrends, and bearish when it occurs between two uptrends. The width of the triangle's base represents the strength of the trend, and the narrower the base, the stronger the trend.
Projection Tool Analysis:
To better understand the potential future movement of the price, we can use the projection tool provided by TradingView. The tool projects the future price movement based on the underlying supply and demand dynamics, as well as the psychological factors influencing market participants. Based on the analysis, the projection tool suggests that the price could move upwards towards the upper boundary of the triangle, potentially reaching the next resistance line. However, if the current trend consolidates, the price could touch the support line.
Conclusion:
In conclusion, the reversal symmetrical expanding triangle pattern combined with the projection tool analysis suggest that the price could move upwards towards the upper boundary of the triangle. It is important to note that the projection tool is only one of many tools used in technical analysis, and it should be used in conjunction with other indicators and charts to form a complete picture of the market. Thank you for reading, and happy trading!
Idea - LongCup and Handle Pattern Breakout: Price Target Analysis Supported by RSI and Volume Trends
Introduction:
The cup and handle pattern is a notable technical chart formation that traders often leverage to predict potential price movements in financial markets. This pattern signifies a period of consolidation following an uptrend, with a subsequent breakout above a defined neckline. This article provides an informative analysis of a cup and handle pattern breakout scenario, indicating a projected price range of 12 to 13 units. Additionally, the concurrent increase in Relative Strength Index (RSI) and trading volume further bolsters the case for an impending price increase.
Cup and Handle Pattern Breakout:
The cup and handle pattern is characterized by a cup-shaped curve, followed by a smaller, downward-sloping channel referred to as the handle. A pivotal point in this pattern is the breakout above the neckline, which signifies the end of consolidation and the potential for further upward movement. In this scenario, with a confirmed breakout and closing price above the neckline, the market presents a favorable outlook for traders.
Projected Price Range:
Upon achieving a closing price above the neckline, market participants can anticipate the price to ascend within a range of 12 to 13 units. This projection is drawn from the pattern's historical performance, as the pattern's depth (the cup's height) often provides a reliable estimate for the expected price increase post-breakout.
RSI Indicator's Role:
The Relative Strength Index (RSI) is a momentum oscillator that assesses the magnitude of recent price changes to gauge overbought or oversold conditions. In this context, the increasing RSI values indicate a rising trend in momentum. The positive correlation between the RSI and price suggests that as the RSI climbs, there's a higher likelihood of price appreciation. This aligns with the anticipated price increase within the mentioned range.
Volume Confirmation:
Volume, a crucial indicator reflecting the level of market participation, is another element that validates the potential breakout's strength. An increase in trading volume during the breakout is a supportive signal, as higher volume often indicates a broader consensus among traders and investors about the price's upward potential.
Conclusion:
The cup and handle pattern breakout, coupled with a closing price above the neckline, holds the promise of an upcoming price movement between 12 to 13 units. The corroborating indicators of an ascending RSI and increased trading volume lend further credibility to the projected price increase. However, traders should be mindful of the inherent risks in trading and should consider a comprehensive analysis that incorporates various technical and fundamental factors. The synergy of the cup and handle pattern, RSI, and volume trends underscores the potential profitability of this trade, provided it is executed prudently in alignment with an overall trading strategy.
Note:- Not a financial advice, only for educational purpose.
Risky pick of the week. Vodafone Idea has given a inverted head and shoulders breakout last week. Now we can consider an end of down trend and expect the stock to perform well. One must consider it’s a well beaten stock and take necessary precautions in terms of strict Stoploss.
CMP- 8.3 W
T - 9.5, 11.5 W
SL - 7.3 weekly closing basis.
IDea is on trendline of triangle pattern trading at support on trendline main support of triangle dynamic support RSI is on 40 and sustaining recent three candles made morning star pattern which is indication of bullish sentimentness
$idea- swing trade Hola ,
waiting for fomc thought i'd have a look at this one..
reclaimed 200 ema with 50 ema catching up IF it drops back to the yellow range low buy with sl below it
imo we just pop up from here back to attempt that 20 supply zone
buy call options or swing whatever suits ya..
Vodafone Idea_07.06.2023Good Volumes, Still on daily chart zone bound. Look for breakout. Also follow our previous chart as shared in continuation.
Vodafone Idea_28.05.2023real game is just about to begin. Watch the fury. For educational purpose only.
At the strong Buying zone, Go long.At the strong Buying zone, Go long. With stop loss & without a target.
Vodafone Idea Idea share is exactly on trendline
If it holds and volume goes down then good time to buy around this area.
Note: Market is showing some bearishness currently
This is just an analysis no recommendation
Till the timeTill the time IDEA is above this lower green line, for me "sab changa si". Can do wonders like my previous posts. Expecting a master blaster rally within next 2 weeks.
And as always, this one is not for investment, consult your financial advisor before making any investment. lastly market me risk v apna aur Ishq v apna.
IDEA at dipsIDEA broke out today (daily tf) with good volume. This zone can act as a good buying zone. The price is moving in a channel and if the price manages to cross Rs.12, 18 is the next target.
Investment idea on Idea stock ( upward channel)The stock is trading at demand zone , very soon the journey will start , the buying strategy is on every dip. chart posted for educational purpose. The levels as mentioned in chart to be follow very closely.
Idea coinz are ready af, wager here, sell for a 2XGud price action only
Indicators luk good
gud waves that indicate positivity
IDEA LEVELS...D CANDLE 24.08.2022IDEA now forming bullish patterns, may expect good momentum in long term
Idea 1w chart time frameIdea in long term give it big possible high target
If it's given breakout.
And upcoming new quater is possible in green 💚
Vodafone idea Bullish shark projectionsVi formed @ Bullish shark pattern. since long struggling within p.r. z as mentioned. on crossing of 21 on closing base will open the doors upto 31 probably upto june 23.and after that upto sept 2025 can reach within 75 to 120 (if any unforeseen events these all parameters can be vary. Views purely for education puropse, should not be considered as final verdict.
Vodafone Idea is one of the leading telecom service providersVodafone Idea is one of the leading telecom service providers in India. The Company is engaged in the business of Mobility and Long Distance services, trading of handsets and data cards.
