Nikhil_Tripathi

Best short opportunity in Vodafone Idea;

Short
NSE:IDEA   VODAFONE IDEA LTD
Weekly "bullish flag breakdown". I am seeing target near Rs 3.5

This trade will take some time (weeks to months) and it'll test patience.

Risk-Reward
1:5

Don't forget to cover your short once the target hit. And and, go LONG at the Target price (for investing or monthly trading perspective)
Trade active: Let's wait n watch.
Comment: It may come to RETEST its breakdown. Lets wait n watch.
Comment: Today, Short covering happened before the results. Remember, if there were more shorts before the results, short covering will take place. And if there were more longs before the results, long unwinding will happen.
Trade closed: stop reached

Comments

what happened sir ?
Reply
Nikhil_Tripathi bardevolved
@bardevolved, It's a SL, market looks bullish, as nifty is at all time high.
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Nice catch bro, is this forming head and shoulder pattern too in Daily timeframe ?
Reply
Nikhil_Tripathi bardevolved
@bardevolved, Nope. If it could have H&S pattern, It could have took a retrace to Rs 10.60 levels (Right Shoulder) on daily charts.
Reply
bardevolved Nikhil_Tripathi
@Nikhil_Tripathi, thanks bro.
Reply
IS THIS HEAD AND SHOULDER PATTERN ?
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