WHAT AN IDEA SIRJI

REM THIS FREE CALL  WE GAVE ON JUNE 30 TH-- TO BUY IDEA

 http://trendzofmarket.blogspot.in/2014/06/free-call-will-idea-bounce-back.html

IDEA BOOK PROFIT  34,4000 RS

WHAT AN IDEA IT WAS TO BUY IDEA  FUT @ 130 SL 124 TGT 140-150 IN 4 TO 7 WEEKS--- AS EXPECTED TODAY STOCK HIT 147---- IN EXACTLY 4 WEEKS TIME--- ITS TIME TO BOOK PROFIT 

THIS WAS OUR FREE CALL GIVEN ON JUNE 30 TH


NOW Why?: Because Idea Telecom stock is at 100 week ma
TRADING STRATEGY BUY  IDEA FUT AT 130 SL 124  TGT 140-150  TIME FRAME 4-7 WEEKS
Here’s the Weekly Chart

​The Level of 150 now has become the resistance. Also, on downside – the level of 130 has acted as support for last few months. Interestingly, on weekly chart – this level coincides with 100 week ma. What this means?:
That if Idea stock has any chance of revival – this is the level from where it should bounce. For investors who like Idea – the level of 130 is good place to enter with closing stop loss below 124. In Short term, it seems Idea Telecom will bounce from 130 to 150..but if it fails, then Idea Telecom will go back to 100 again. Let us see what happens.

TELECOM SECTOR LOCKED IN A TRADING BOX

Indian stock market  is in secular bull trend where every stock and sector seems to be rising with the broader market trend except Telecom sector. The top 3 telecom companies have made no bullish progress in last 6-9 months.

• Reliance Communications
• Idea Telecom
• Bharti Telecom

Let us look at the chart of all 3 stocks.


Reliance Communications

As you can see in the chart above: Reliance Communication stock turned around above 110 in June 2013. Post turnaround – stock did rally to 150 but post that move – it’s trapped in a range.

Idea Cellular

 As you can see in the chart above: Idea stock is stuck in a range between 130 and 150.

Bharti Telecom

As you can see in the chart above: Bharti stock has created a well defined resistance at 370 and is stuck below it.

What does this mean?
It appears Telecom sector has totally fallen out of favor. Keep an eye on key breakout/resistance levels to spot a turnaround in the sector

FREE CALL: WILL IDEA BOUNCE BACK?

UPDATE 02/07/2014
 IDEA WOOW HIT 138.. PROFIT 16,000 RS---WAT AN IDEA SIRJIIIIIIII


NOW Why?: Because Idea Telecom stock is at 100 week ma
TRADING STATEGY BUY  IDEA FUT AT 130 SL 124  TGT 140-150  TIME FRAME 4-7 WEEKS
Here’s the Weekly Chart

​The Level of 150 now has become the resistance. Also, on downside – the level of 130 has acted as support for last few months. Interestingly, on weekly chart – this level coincides with 100 week ma. What this means?:
That if Idea stock has any chance of revival – this is the level from where it should bounce. For investors who like Idea – the level of 130 is good place to enter with closing stop loss below 124. In Short term, it seems Idea Telecom will bounce from 130 to 150..but if it fails, then Idea Telecom will go back to 100 again. Let us see what happens.

FREE CALL: BUY IDEA

HERE IS A FREE CALL FOR ALL OF YOU

BUY IDEA 163-165 SL 160 TGT 180-185  TIME FRAME 3-4 WEEKS

BUY IDEA FOR SHORT TERM

BUY IDEA FOR SHORT TERM BETWEEN 178- 182 LEVELS TGT 190- 200  SL 173

IDEA: Slow and Steady Breakout delivers 70% returns in CY13

 

Slow and Steady wins the race. That’s what this breakout has delivered – stunning returns in slow and steady fashion.

Idea Breakout happened on 26th December 2012 above 100 with lots of excitement. I DID  COVERED THE STOCK THEN 
But in next 3 months – nothing major happened and stock pulled back to 103 again. Though first 3 months did prove that breakout was decisive. It meant stock was a BUY on pullback. That’s why stock took support at 103 and rallied again – and in next 4 months: stock rallied almost 70% to now at 168+. That’s a major major move in a CY where market has been in complete mess. That’s how Break outs work if they have to. Remember, there are many stocks that have failed in breakout move but when they work – that’s what they do: deliver huge upside gains