VODAFONE IDEA (Cup formation)

28 jun 2020

CMP = 10.4

Upside Target = 12.7 (22%)

SL = 9.4 (9%)

Look to accumulate on dips within the current channel so that your buy price is as close to the stoploss.
If it breaks out of the channel in the next trading session, buy with a STOPLOSS of 10.7 - 10.4 based on your risk appetite.

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I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
More accuracy = more profit potential & controlled loss.

*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.

29 jun 2020

Nota

Today the markets amid global cues traded weak. However Idea continued strong to break the current channel.

I expect a small profit booking consolidation at 12 . For volatility safety if one has bought today shift the SL to 10.7.

30 jun 2020

Nota

SL is only to protect your loss and secure your profits.
It doesn't mean one cannot enter again.
The chart is still string for the targets mentioned.
Accumulate on dips in a staggered manner.

3 jul 2020

Nota

Volume is drying. Good sign

3 jul 2020

Nota

Trade with a strict stop loss of 9.4

14 jul 2020

Operación cerrada manualmente

To be honest can't really judge how this stock is going to move. On one side it looks healthy by respecting the support and forming a good base. On the other side since Nifty is correcting it could affect this stock as well coupled with the court order soon. Stay cautious here. I suggest an Exit.