Best risk and reward Swing Trade Idea, in Vodaphone Idea.Hello Everyone i hope you all will be doing good in your life and your trading as well,,i have brought an idea on Vodaphone idea,, if you will see chart on 1day, you will see recently stock has taken support on upward support trendline and price is sustaining above with good volume spike..Delivery volume also seen on higher side since some days. Means positional and swing trader are making position..I am expecting this should go above 25++ in coming some months..
But this is purely trading idea for short term to medium term. Take as swing and positional trade and wait for the targets. I am really not fully satisfied with current Fundamental analysis..so follow proper stop loss in it.
ABOUT:-
Vodafone Idea is one of the leading telecom service providers in India. The Company is engaged in the business of Mobility and Long Distance services, trading of handsets and data cards.
Business Areas:-
The company's business services include voice business/ services, broadband services, content services, enterprise services and other VAS offerings like entertainment, SMS, Utility, etc.
Market Share:-
Presently, the company has a market share of ~27% and revenue share of ~24% in the telecom market in India. The company has a leadership position in Kerala and Mumbai circles with market share of 46% and 30% respectively. Other dominant circles include Gujarat (36%), Maharashtra (32%), Haryana (29%), Kolkata (27%) and others.
The market share fell from 40% to 27% since the merger of both Vodafone and Idea in 2018.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
