Vodafoneidea
Cup & Handle pattern on Vodafone idea Vodafone idea is making cup & handle pattern. Looking strong am looking for the target of 17. Good luck every one
IDEA - Long or Short - WatchIdea is in uptrend in line ot market and facing strong resistance currently.
Once sustains above 12.65 - clear utrend can be seen with good return.
However incase if market correction in next couple of days - strong Buy/Entry above strong support 8
Watch / add to to watch list
Above 12.65 - > 17.15 / 20.65/23.2 / 27
Downside - if not able to sustain the current levels - next target will be 8.05
Idea Short Term Target 12 and 15Idea is heading northward new trend breakout with volume is seen in chart
Target for Idea is at Rs. 11.40 for December 2020Voda-Idea has strong volumes and we will see this stock touching Rs. 11.40 and will change the trend after or around 17th December 2020.
Rs. 11.40 target for December
14% Profit return in one month
If this happens then new support should be around Rs. 10.70
Vodafone Idea CMP 9.85.Vodafone Idea- CMP 9.85. Today at closing it closed positive. Today cash volumes are also almost double the previous 3 days average volumes, also future OI rise is also at healthy 8% with price rise. This indicates formation of longs in the counter. Recently it has touched 20EMA line and reversed from that level which is also a healthy indication. RSI is also showing positive divergence. MACD line also is making an attempt cross signal line which is also positive and bullish sign. On charts also it is trying to breakout the recent resistance at 10. If it successfully closes above 10, then it can go to 11.1, 11.7, 12.35. It is for educational purpose only.
Vodafone IDEA LTD Falling Wedge Setupprice in falling wedge and ready to breakout if we breakout here than good for long at retest
vodafone idea making ascending triangle - keep eye and ear both vodafone idea making ascending triangle - keep eye and ear both on it.
What after Results ! Up or Down ! I think Idea is in making Cup and handle pattern in weekly chart shouldn't close below 7 and upside 10-14 big resistance.
If managed to close above 14 we can see levels of 20+ soon !
Close below 7 avoid !
Vodafone Idea getting ready for a ride. Don't MissThe most under rated stock is now on its dream run, get ready for the big rally. As per my analysis Its now trading inside the triangle pattern so a breakout to the upside can give target of TP1 - 14.45 TP2 - 18 and TP3 - 23 keep stoploss under 9 as it is the bottom of the flag pattern. Good luck and enjoy the ride any bad news for the stock can ruin the rally but it's less expected keep stoploss and ride.
IDEA is looking good with strong consolidation prior to 13 & 15Idea's chart is looking very simple & clean for further up move.
Why I choose this trade:
Technical Analysis
Idea shot up from 6 to 12.55 within few trading days.
It cooled down to the 9 after big move and found very good support at 8.50 - 9
Since last few trading session it is ranging between 9 to 11 but not breaking 8.50 except 1 trading session.
Market Analysis
Idea told to Supreme Court that they are no in position to pay dues upfront.
Government is not in position to bail out at all due to Corona Crisis.
Declaring as bankrupt is the worst case scenario because many banks having exposure in Idea.
Most important taking out Idea from the Telecom leads to fear of Monopoly.
I strongly believe that shutting down operation is not solution here because the user base is still very large & it will affect on many people.
So best option could be paying dues in installment which Idea is asking.
VOD is Ready to FLY !1) a Huge Volume shows that all sellers are gone.
2) Technically we are at the end of the 5 impulsive waves to the down side.
3) We should see a long correction now for the next weeks.
4) My Bias is very bullish
