Triangle Breakout in Vodafone Idea Ltd
Updated
Triangle Formation on Daily and Weekly Charts along with hammer pattern in Weekly Charts. Triangle was penetrated at INR 6.90. Target of almost INR 14.
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Today idea touched INR 9.60. I noticed that Idea is in uptrend and when there was a fall in prices volumes were negligible as compared to upward movement in prices. Perfect setup of Dow Theory. Sit tight for the targets. Don't let emotional biasness fool you. However there is always a stoploss as market is supreme.
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