Chart of the week. Vodafone Idea. 11/12/21Last week Idea has given a breakout on its weekly chart. From last 2 years the stock was trading in range on its weekly chart , which can be seen by pink lines . Last week, however, the stock has given breakout of its important resistance @14. This week the stock has retested its previous resistance @ 14 and given breakout of its weekly range by high volume . This confirms the last weeks breakout and now this stock is ready for its up move. On medium to long term, the stock has entered in a bullish territory. With a deep SL one can enter in the stock with small amounts and add as stock hits new highs.
Target - 20, 30, 40 W.
SL - 12 W
View - Medium to Long term.
