Note: This is for educational purpose only.
There seems to be a bullish engulfing at support post steep fall. Support seems to be since June so assuming this as strong support.
Entry Price: 9
Caution: Please do not trade in F&O as the lot size is 70000. There could be huge losses in F&O.
Buy Idea only above 9.25 for a easy target of 10.75++
For long term hold for atleast 6 months. It can be a multi bagger.
Technical view - It didn't broke 9.25 resistance since 8 October, retested two times and this time it will be big as consolidated for a month.
Please contact your financial advisor before Investing...
formation of a bullish triangle with bullish divergence in the MACD and bearish RSI so I feel a pull back to the support and then we break the bullish triangle. Measured move and target mentioned, start taking profit early and wait for breakout of bull triangle for a safer trade.
CMP = 10.4
Upside Target = 12.7 (22%)
SL = 9.4 (9%)
Look to accumulate on dips within the current channel so that your buy price is as close to the stoploss.
If it breaks out of the channel in the next trading session, buy with a STOPLOSS of 10.7 - 10.4 based on your risk appetite.
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I believe in keeping the chart simple with minimal...
Key Levels for VODAFONE IDEA : INTRADAY CHART ANALYSIS
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
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...