MULTIBAGGER IDEA - VODAFONE IDEA

VODAFONE IDEA multiyear chart

strong support at 6 level then around again 10-11 level buy opportunity cause of ...

1. positive outlook about fundamentals from now.
2. technical bullish setup on chart which clearly indicate some signals which mentions on chart.

this stock has potential to prove multibagger stock in years to come

BUY VODAFONE IDEA @ 10.50-11 level
Target 60 ( 1-3 years )
Stop Loss 5.50

Comment:

Diversification of business within the main channel with 5G setup at max speed is the main reason of projected fundamental improvement second main reason is recent price hike of prepaid plan inline with peers can boost margin in comming quarter so ..positive fundamental outlook.

Comment:

Bullish technical indicators
1. Moving AVG ADX turn bullish as Green line
2. Trend-line breakout seen on chart at support line .
3. Bullish crossover seen at o line above 0 line stock turn extremely bullish.

Comment:

company’s announcement that it won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2 billion tax claim.

Comment:

GOVT Telecom dept and bank release bank guarantee 12000 CR to vodafone idea
that process will be completed till 31 DEC 2021 . that will be booster doses to telecom sector and IDEA.

Comment:

Short term Target 16-18 -- 1 month
mMd term target - 22-24 --- 3 T0 6 Month
Long term Target -- 55-60 - 1 to 3 years

Comment:

BIG Breaking news about Vodafone IDEA ..vodafone idea manage to rise funds, and repay bonds on schedule. its big boost to fundamentals of co .

Comment:

Previous Rally 10.80 BUY level to high 16.50 sub level 50-60% Profit Book.
Next rally start now at 13.80 apx 50% Fibonacci support can head towards 16-18 -20

Comment:

CLSA upgrade target for vodafone idea to 16 from 11 dated 06/01/2022.

Comment:

FUNDAMENTAL OUTLOOK NEGATIVE. ! so all long trade closed. !

Trade closed manually