The Rs 25,000-crore Vodafone Idea rights issue was subscribed 1.07 times at close of subscription on Wednesday, bankers familiar with the matter said, as India’s largest telco sought to raise funds to repay debt and ease financial pressure to effectively take on rivals Reliance Jio and Bharti Airtel NSE 0.39 %.
Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
Which stock will you prefer to invest your hard earn money ?
a) stock which have No debt in last five years.
b) stock which have small debt comparing to their last five years.
c) stock which have big debt comparing to their last five years.
d) None of the above.
My choice is (a) . What yours ? Feel free to give your views in comment section .
Given the repeated failure of CHFJPY to conquer five-week long resistance lines, the pair is likely to decline to 109.45 and 108.95 supports for now; however, 108.20 could limit the quota's downside to 108.95, if not 108.45 & 107.60 could regain market attention. If the trading to the south continues at all prices below 107.60, the recent low around 106.35...
So the big question is where is Nifty heading in 2019. The reality is we do not know the answer how it will actually pan out. But if we are to look at charts what it is trying to tell us. Here are some important points
- Nifty has been flirting with 200 day EMA for quite some time now
- On previous 2 occasions we observe that once the...
Below 1950 the chart setup suggests weakness in stock price.
It may come down to 1800 and could possibly even drag down to 1600 in the coming weeks/ months.
A close above 1980 may invalidate the chart pattern.
Stay cautious and trade accordingly.