POTENTIAL INVESTMENT TARDE FOR VODAFONE IDEA
Here we look at the Quarterly chart since 2008, We see price was rallying up violating Resistances and respecting the Support areas, until it starts doing the opposite.
Now recently Price has violated a Supply area which indicates that the Buyers have just won over the sellers and now Price has given a Pullback in a 6 Months Demand.
Now we have a 6 Months Demand; So understanding the timeframe role into this Trade as the Demand in which we buy this a 6 months Demand hence we will have to consider a minimum of 1 to 2 years considering at least 2 to 4 candles of 6 months each to achieve the Target.
Here we have the following to consider before entering the Trade
Trade Type : Investment Trade
Entry : 10.10
SL : 5.70
TGT : 39.74
Risk : Rs. 4.4
Reward : Rs. 29.64
Ratio for Reward to Risk : 6.7/1
