Vodafone Idea Ltd | Triangle Pattern Formation | Stocks For Your Watch List

Stock: Vodafone Idea Ltd

Indicator: 55MA, 20EMA & RSI

Chart pattern: Triangle pattern

Time frame: Daily

Vodafone idea exhibiting triangle pattern formation on daily time frame. We are also witnessing that prices have taken support on 55MA and 20EMA nicely. RSI also approaching 60, if we see candle breaking out of triangle pattern with significant volume we can expect price to show further up move.

We would recommend you to keep this stock on watch List as see how price action moves.

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Disclaimer: This blog is created just for learning purpose, which would help you understand how to analyze stocks before taking trades. This is not any buy and sell recommendation, the author of this post is not responsible for any profit or loss incurred. Please consult your financial advisor before making investments.

Categories: : Stocks For Watchlist