IDEA trade ideas
IDEA ANALYSIS
once a big giant now a small price large cap stock with very popularity and high debt.
it gives nice downtrend due to their problems of tax and competition from jio and airtel.
now volume is increased and also company gets support from government.
one can make entry above 14 closing base levels, for the target of 30 60 100 200 in next 10 years.
now is the time for to make investment is some penny good stock because if you put 1 lakh each in 10 stocks which are fundamentally strong and penny stocks the 4 of are become multibagger and recover your 6 companies and gives far more better returns.
IDEA may Have Prepared For Breakout.NSE:IDEA
IDEA may have been prepared for breakout for level of 13.5.
See the area marked with circle near the level of 8.8 where we can clearly see volume diminishing. After diminishing supply we are now seeing efforts to push the stock further up.
Stock still need to breakout the level of 13.5 to show clear up trend. But risk takers can start considering this counter for short or long term investment at current level of 10.35 as well.
Idea currently have a support of Rs.7/-
Thanks!!!
|| Hari Om ||
Bullish View on IdeaReason of Stock Upside Movement.
Stock has broken the Strong resistance line with good volume .
On Daily Stock Has Given a Positive Breakout along with good Volume Cluster.
Momentum indicators are given a positive crossover.
All the above structure indicates that it might witness the level of 13 & 13.5 with support of 9.5.
On weekly close above 13.5 It will start a New Lag of Rally.