As per government telecom reforms if Vodafone idea not pay dues then govt will take stake in VI. IF stock price is 150 then govt stake in VI is 35% only. IF stock price is 100 then govt stake in VI is 50% . So its price will go above 150.
Following a disappointing earnings release last week, the price of VOD gapped down and traded softer for the earnings release trading session. The share picked up some buyers around the 125.00 handle and enjoyed a bounce back up to the 129.00 level in this week's trading.
price hasn't really shown any keenness to close the big earnings gap and appears to...
price is making sideway correction and this correction has made triangle chart pattern,
triangle is now in its final wave E which led to thrust movement.
RSI is near the oversold reading
lower white trend line of triangle
projection at 18
Here is my analysis of IDEA stock
Idea Stock is in the range (Ascending Triangle).
Also, Idea stock is in the Supply Zone.
We could buy the stock now Because There is still a supply level below the current One.
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After long bear market this stock is making wxy correction with chart pattern in its x wave. 100% projection of wave y is at 18 since it is rising from bottom it can go higher than 100% projection upto 161.8% projection at 24 inside potential green parallel channel.
The range at the top then turned in to a down trend. The price then went in to a short-term correction before it then dropped rapidly. However, it then met resistance at 90 which was the continuation of the previous downtrend and key support at a level in the past. This has now formed a new short-term uptrend which i believe is a sign of a reversal of the...
Idea's chart is looking very simple & clean for further up move.
Why I choose this trade:
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.
The 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...
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
Why GooseBumps Bullish ???
1. In 1 day chart stock is above 200 Moving Average.
2. Stock has broken its bigger triangle Pattern.
3. In Its small recent triangle Pattern, stock is in over bought zone in RSI.
4. If in small recent triangle its breakout than its confirm the reversal.