IDEA trade ideas
Vodafone Idea - LongVodafone Idea CMP - 12
Looking bullish in higher time frame. One can go for Short / Long Term Trade setup with the following entry, exit & targets.
Buy Range 10 - 12 / Stop Loss 8.50
Target 1 - 17
Target 2 - 20
Target 3 - 26
Disclaimer: This is my view and for educational purpose only.
rounding bottom formationprice is forming rounding bottom, bulls have been better seeing volumes while forming round bottom, price has broken neckline of rounding bottom with volume, so either price may form cup or it may retrace little bit, currently price is bullish and move 10-20 % up,
Note- PE Ratio is above 28 right now which is reversal(for correction) sign so put few percentage of your capital which you want to deploy on this stock.
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