Idea share price has been following trend within trend with ascending triangle. Hope it will touch level Rs 20 to 30. then sudden down or range bound possible.
Short term target Rs 10 to 12
Mid term target Rs 20 to 30
Duration 20 to 90 Days
Disclaimer: Stock Market Is Subject To Market Risk. Buy Sell Is Your Choice.
Idea (now Vodafone Idea) has been one of the biggest price losers in the Indian bourses. The script came down from price levels of 125 to almost 3.5. If we were to look at the long term chart (Monthly or Weekly), we can see that the price has broken out of a downward channel and as long as that level is defended, there can be significant upside for the stock. With...
Bharti Airtel NSE:BHARTIARTL vs Vodafone Idea NSE:IDEA
Both posting heavy losses
AGR woes for telecom operators - 24th Jan deadline for payments, airtel 35k crore outstanding, idea 50k crore outstanding
both want curative measures from govt
airtel claims will be routing some funds from funding that they have secured, idea hasn't published what they would be...
This analysis is done based on technical characteristics of chart and No fundamental points considered.
Vodafone Idea has fallen for quite sometime and it is time for retracement of previous fallen levels. 50% retracement expected from current level
Target 1 marked in the chart. If Vodafone Idea falls post between 23rd Sep and 23rd Nov, 2019 , then trigger the...
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.