NeeteshJain

IDEA - CONSOLIDATION BREAKOUT

Long
NeeteshJain Pro+ Updated   
BSE:IDEA   VODAFONE IDEA LIMITED
11
It is been observed on the hourly chart that the price action consolidated in a downward or a zig-zag correction and now it has broken above the downward trend line indicating buyers come back. It shall further take the prices up from the current levels.

Target: 112

Stoploss: 109
Trade active
Trade active: Idea in news for expanding 4G network in 30 new towns within India. Regards
Comment: Stoploss Changed to 108
Trade active
Comment: Big players taking every dip as an opportunity to buy in the market. Idea is one of the script where big players anticipating the same.

It is in a bullish mode and it shall further move up to 120 levels in march series.

Thanks,
Comment: Updated Chart with new stop loss,


Stoploss: 106

Regards
Trade closed: stop reached
Comment: It is still in uptrend and it shall move up again later in coming days. Now, you can hedge your positions by buying a PE 102.50. Regards
Comment: It did come back strongly and continuous to trend up. Regards
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