IDEA taken support from weekly/monthly/daily level
1. its following triangle pattern
2. taken support from important level
3. volume seen from support level
4. now at fib level 1 after breakout it may follow next levels and once triangle broke out it may fly
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...
Reason of Stock Upside Movement.
Stock has broken the Strong resistance line with good volume .
On Daily Stock Has Given a Positive Breakout along with good Volume Cluster.
Momentum indicators are given a positive crossover.
All the above structure indicates that it might witness the level of 13 & 13.5 with support of 9.5.
On weekly close above 13.5 It will...
VODAPHONE AND IDEA is at long term resistance if it breaks then it has 50% of profit target in upcoming week or months
an accumulation at bottom is a structure which proof that there is a fight for position in a narrow range its breakout and quaterly results will be keenly observed.
Vodafone Idea Ltd. engages in the provision of telecommunication services. It provides pan India voice and data services across 2G, 3G and 4G platform. The company was founded on March 14, 1995 and is headquartered in Mumbai, India.