I have just two charts with me take a long term buy call in Idea. Lets have a look with the first one. First Chart is as usual my all time favorite long term Breakout GANN Chart of IDEA with long term supports available at Rs59-60 region. and ofcouse the next long term supports are available currently at Rs 108 which decreases with respect to time.
Twiggs Money Flow is one of my another favorite indicator for tracking long term breakout. Most of the time there is a long time breakout if the long term negative got broken. I had used 13 Week Twigg’s Money Flow indicator. As you seen from the weekly chart of IDEA you can see there is a divergence breakout in IDEA. Check how Twigg’s Provides a logical long term breakout here in this following post Twigg’s Breaks Long Term Resistance
Atlast, Here is the chart most of the regular reader of this blog would love. Yes its nma weekly buy signal generated this week for IDEA after closing above Rs61 Charts shown above