Vodafone idea is the most trending stocks when comes to trading, because of small prices and movement.
Here, I have done some analysis of it and where you can find its trend.
1. Trend Understanding
- Vodafone idea was consolidating and then give the breakdown from rising channel or bearish flag.
- Then it had made a low of 9.68 and pull back to re-testing trendline.
- So, it is on trendline retesting and not going up.
2. Bearish Strategy
- So, what's now?? We should check if it will go down from here and again touch 9.68, then it will formed a head and shoulders pattern with neckline level 9.68.
- When it breaks 9.68 we can sell it for the target of 8.45.
3. Bullish Strategy
- Now, to see upside, we have to wait when it will breaks it high of 12.80.
- Once, it will breaks and sustain above 12.80, we will see target of 14.85 and more.
So, untill it can be sideways and consolidation in range of 12.80 and 9.68.
Here, I have done some analysis of it and where you can find its trend.
1. Trend Understanding
- Vodafone idea was consolidating and then give the breakdown from rising channel or bearish flag.
- Then it had made a low of 9.68 and pull back to re-testing trendline.
- So, it is on trendline retesting and not going up.
2. Bearish Strategy
- So, what's now?? We should check if it will go down from here and again touch 9.68, then it will formed a head and shoulders pattern with neckline level 9.68.
- When it breaks 9.68 we can sell it for the target of 8.45.
3. Bullish Strategy
- Now, to see upside, we have to wait when it will breaks it high of 12.80.
- Once, it will breaks and sustain above 12.80, we will see target of 14.85 and more.
So, untill it can be sideways and consolidation in range of 12.80 and 9.68.
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.
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.