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.
交易進行
Trading between 10 and 20 DMA at the moment. Good zone to accumulate. Stop loss of 12. Entered trade @ 17.35註釋
Update 10/07/2024: Price around the neckline. Holding onto the trade and maintaining a stop loss of 11.
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