Good to go long as long as its above the trendline.. price has broken out with a gap from a downward sloping wedge.. target of 16.80.. stoploss when price closes below the trendline
very risky, be aware
It would be interesting to see if the this line plays any role in supporting the prices from futher fall,
Discalimer: View for Educational purpose only, not any trade or investment recommendation.
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Chart is self explanatory
Hold with Patience. Voda Idea could be a Multibagger of 2022
Disclaimer: This view is for only educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
VODAFONE IDEA trading at weekly support within channel pattern.
It would be interesting watching if support will be respected or breakdown by price; leads to nice LONG / SHORT trade respectively with great RR.
buy -9
stoploss-7
target-1:2 or 1:4
accumulate whenever it drops till 7.50rs
The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at ₹10 or above.
Thesis: Strong upward trend and momentum providing tailwinds to the stock as its looking to break short-term resistance zones / recent swing highs.
Strategy:
Buy at current levels (9.9-10)
Profit target: 10.9-11.1 levels
Stop loss: Below Daily 200 Ema massive support (below 10.5)
Manage Risk. Trade Well!
Cheers
CA. Nick
Idea looks good by breaking falling trendline resistance with good margins and succeed to close above that, giving bullish divergence breakout on RSI indictor too by breaking pervious resistance on that so we can see a nice up move in this stock from here.
Cause of long-:
1- Falling trendline breakout.
2- Rsi indictor breakout.
NOTE-: THIS IS ONLY FOR...
Vodaphone IDEA - if it gives a weekly close above 10.1, some serious upside possible to 30-35. Volumes is yet to confirm the move. Long journey.
View invalid below 9
