Vodafone Idea Bullish reversal trend. Cup and Handle pattern 1W.
Fundamentally, with tarrif hike raises and equity generation through fpo and stake sale in Industowers. VI looks like its on a recovery mode. Possibilities of a turnaround in a few years.
Similarly, technically, on a long term basis (weekly and monthly charts), there is a cup and handle formation which has been broken on the upside, and the price is holding above it.
Buy now or wait for dips to 10/20/50 Daily Moving Average to accumulate.
Targets of 27.9 and beyond.
#This is only for educational purposes. Cup and Handle Pattern. Bullish Reversal pattern.
Similarly, technically, on a long term basis (weekly and monthly charts), there is a cup and handle formation which has been broken on the upside, and the price is holding above it.
Buy now or wait for dips to 10/20/50 Daily Moving Average to accumulate.
Targets of 27.9 and beyond.
#This is only for educational purposes. Cup and Handle Pattern. Bullish Reversal pattern.
Trade aktif:
Trading between 10 and 20 DMA at the moment. Good zone to accumulate. Stop loss of 12. Entered trade @ 17.35