indiamarketoutlook

Vodafone Idea : Channel breakout observed today

Long
NSE:IDEA   VODAFONE IDEA LTD
Vodafone Idea
Closing Price 10.50

The stock has just given a breakout today but let me go by disclaimer I have been in the stock from 4.45 levels.

The idea has been published here at tradingview on 18 Jan 2020. This was posted in the backdrop of many analyst and News channels floating reports of company going bust. Do read my article and think for yourself whether you want to rely on News or make your own calculations & be independent.


Those who followed the idea - it's a good 135% return in just 6 months.

Usually I don't deal much in Rs 5 / 10 stock. But if you have read the idea on Idea above & also read ideas on RCom (which you would find in the given link) you would understand it was a not a gamble but more of a calculative investment.

The next target is 14 / 15.2 near about. And on a longer term horizon it may be much bigger. Once again I would like to remind, do your own risk analysis. RSI is in highly over bought region in hourly / daily charts. So you may choose to enter on dips and / or only invest an amount which would not give you sleepless night.

Don't ask me for tips. I publish many trading ideas free of cost here at tradingview. You can just follow and get notified.
If you are interested in learning, investing in yourself & being a confident independent trader you can message in private chat.

Thanks & regards
Vaibhav Deshpande


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.