Can IDEA give 3X Bagger from here?
If you look at charts, IDEA is making HH-HL Pattern. If IDEA manages to break, sustain above and give monthly closing above 17.15, stock would enter the Resistance Zone of 18-24 and may stay there for some time before breaking out and reach our Targets of 47 and 72. As of now, views are negated below 8.5 MCB which would keep on changing as stock moves higher. This is obviously a risky bet but Risk to Reward Ration is very much favorable. But only invest a small portion of your total capital.
If you look at charts, IDEA is making HH-HL Pattern. If IDEA manages to break, sustain above and give monthly closing above 17.15, stock would enter the Resistance Zone of 18-24 and may stay there for some time before breaking out and reach our Targets of 47 and 72. As of now, views are negated below 8.5 MCB which would keep on changing as stock moves higher. This is obviously a risky bet but Risk to Reward Ration is very much favorable. But only invest a small portion of your total capital.