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.
IDEA may have been prepared for breakout for level of 13.5.
See the area marked with circle near the level of 8.8 where we can clearly see volume diminishing. After diminishing supply we are now seeing efforts to push the stock further up.
Stock still need to breakout the level of 13.5 to show clear up trend. But risk takers can start considering...
vodafoneidea is consolidating for long now, and its time for a blast, it can go either side, but given the recent increase in subscribers as per TRAI report, it should have a positive blast, so keep a watch on the same.
Idea might give target of 18 as the long term elliptical curve is cloned and mapped and it is perfectly touching all highs and lows.
Keep buying near 10.5 with sl of 9.
Note :This is just my opinion and I am not providing and buy or sell call
Idea 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...
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.
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...
Voda-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