Do not worry as it has fallen from 12.30 as the stock has to follow the harmonic pattern and will eventually complete its upside journey and that lower red line as we can see has been supported for now and is stop loss on candle close basis. Target for long is still remaining at 13.10
Trade and invest at your own risk
Please like & share ideas if you...
After a long fall from 3digit rate.
it came single digit.
consolidated, broken trend line n the main thing retested with a strong bullish hammer candle.
i had made a tgt till for 45 which is coming from 62% retracement of downfall.
n more levels are provided to book profits.
keep learning n be in profit
safe your capital always.
This is a likely bullish sign for a break out. Wait for it to break 10.50 then enter for a small trade. People have lost money in this script so be very CAUTIOUS. I've put a setup of a long position and you can follow that if you want at your own risk. I don't bet on this share. Entry at or above 10.50 SL 10.30 Target 11.60.
Message me for faster updates
Stock is moving in a range and Now the stock is close to the supporting zone.
we can enter if it breaks weekly high
Targets are mentioned on the chart with green lines.
and SL is mentioned with a red line.
Note: Do your analysis before taking any action and take responsibility for your action.
Thank you, Have a Nice Day.
Vodafone Idea Elliot wave- Possible Path
Idea can follow this path for short term reversal. Don't hold now as this graph is not strong on monthly chart. Wave also consists of MACD analysis effect. line in greens are the exact levels on which you can trade.