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vanathi
Jun 11, 2017 5:15 AM

Idea - What is your Idea? 

VODAFONE IDEA LTDNSE

Description

I got this query about idea from a twitter follower of mine. And when I checked the chart, I found it interesting to see how RSI and price action has behaved. It too early too tell the trend is going to reverse. For short term, buy above 80.50 with the stoploss of 79. Targets are 84 and 87.

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Price action reached 83.15 and retracing.

Trade active

Trade active

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First target done!

Trade closed: target reached

Targets reached!
Comments
padiyara
May be for short term it is fine, But I am expecting the stock to touch sub 50 level in long run.

This projectile is very hypothetical, but a 35000 cr
Business with no any gain will definitely give support
the view. How do you take it ??
vanathi
@padiyaraa, Not a positive news...
padiyara
@vanathi, ha ha
Akshay15
@padiyaraa, Nice Analysis You are right this stock is going to go down, shorting near resistance is a good idea, rather than going long.
padiyara
@Akshay15, you are right.thanks
InsiderB
@padiyaraa, Definitely down boss..agree with you
padiyara
@InsiderB, :agree:
dravya
@InsiderB, Don ka verdict final ;)
UnknownUnicorn646072
vanathi
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