This one has one more drop based on wave count theory ,
I am looking for drop near 12 for buy , I am looking to buy May Future contract or June for Long term holding as my forecast target is 39+
on immediate basis
One can look for entering on drop Reversal daily time frame
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 %.
AS PER TECHNICALS NEXT TARGET FOR IDEA IS 22.4.
STOP LOSS 15.8.
IDEA IS A BEST INVESTMENT IDEA FOR 2-3 YEARS.
THE POSITIVE REASONS:
TOP CLASS MANAGEMENTS WHO ARE INVESTING HUGE AMOUNTS OF MONEY.
BOTH THE MANAGEMENTS HAVE GOOD BUSINESS TRACK RECORDS.
WITH THESE INVESTMENTS THEY CAN TAKE UP THE NEW OPPORTUNITIES IN THE TELECOM FIELD.
NO NEW ENTRANTS EXPECTED...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
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.
This one had very bad days in the past , i am looking this would be the last drop before it starts making a New Impulse leg up , one can look for investment opportunity
any Gap down on bad News , Take the opportunity in Small investment let some 500 USD run in cash , the down side would be limited to loss of the capital but the Up side has potential of...
This scrip has made its complete one cycle of impulse & Correction , and its due for rally , but rally isn't coming that easy , wait for bail out package which in discussion
and you can look to Go long with strong daily close above 3 % in price range , this move will eventually will move further higher high due to expected 5 G development in coming years...