Vodafone Idea - Possible Reversal from Here on

On a Monthly chart - Vodafone Idea is making a W Pattern.

If it crosses 17, then the targets mentioned here could be possible.

Remember the Promoters as of today communicated to raise 20,000 Crores and govt won't allow monopoly of JIO/Airtel. Can also expect Rights issue

All Possible Targets and Stop Loss plotted on the chart.

Disclaimer : Educational Content and not a Recommendation

Comment:

The stock has been downgraded by multiple Fund houses. Stay away from this stock and let some positive news come in. It's ok to miss some returns than loosing capital.

Come back to this chart if you see the stock trading above 70.