Vodafone Idea - The Myth Buster
When it comes to stocks from the Small / Mid Cap category (or) especially from the Penny Stock section, I see everyone shivering in fear to take entries. Even if they take entries boldly, when they see a fall, they start to shiver and exit in Panic either in minimal Profits or sometimes even in Loss
One such "Mythical" Stock is Vodafone Idea. Almost no one talks positive about it, and every fundamental investor is strictly against it
Let me ask you All 1 question - if this stock is so fragile / so risky / so unpredictable - then why don't we see "erratic patterns" on charts ??? Shouldn't there be sudden spikes and sudden falls ? I don't see any such thing....
https://i.pinimg.com/originals/84/c4/81/84c481f514f779bb1d7a5c9169fbb9c6.gif
On Weekly:
The price is going thru a Beautiful Cup and Handle pattern, but is just unable to break out of 19 levels despite 3 attempts - Why ?
On Daily:
The answer to the above question lies within the Daily timeframe chart. From when it first touched 19 level in early 2024, till now, the price is actually forming an Inverted Head and Shoulder Pattern which is embedded within the Handle portion of C&H
Based on Support and Fib levels, the price WILL take U turn from 15.5 (Fib 0.5) or 14.6 (which is much strong Fib 0.618 Golden Ratio - combined with Strong Support as well)
Fresh entries / Averaging can be done around 15.5 (light) or 14.6 (heavy) once bullish reversal signal is seen
Targets still intact 19, 24, 30
-------------------------------------------------------------------------------------------------
True story....
When I was in 3rd grade, playing and running with my friends a stray dog chased me and scratched me on my back. I didn't know whether it bit me or just nails
I was so scared to tell my parents as I was afraid of the infamous 24 or 36 injections around the belly button - back those days....But friends told my mom and she rushed me to hospital and Dr confirmed that it's just a nail scratch not a bite and 1 injection was enough
But until I was grown up, the sight of any dog would scare me to death.... A loud bark would give me shivers. When I learnt how to control dogs and how to pet them, the fear is gone
Unfortunately, this is exactly what we are passing on to our next generations
We might have been attacked or even bit by a dog (Penny stock or High Beta Stocks) but what is the Learning you are passing on ? To run away from them ? Remember - if you run away from a Dog it will Chase you....
If the answer is still to run away, then sorry my friends - you haven't learnt anything from your bad experience. You may run away from a Penny stock today, but if similar instances and issues arises on the likes of Yes Bank, ICICI (Kocchar scam) or Varanium Cloud - are you prepared to handle them and what do you pass on to your next generation ???
The Chart 📈 is my Magic Butter Biscuit 🍪. It can TAME any Dog
Learn to Ride the Tide, irrespective of its Side and Size
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
One such "Mythical" Stock is Vodafone Idea. Almost no one talks positive about it, and every fundamental investor is strictly against it
Let me ask you All 1 question - if this stock is so fragile / so risky / so unpredictable - then why don't we see "erratic patterns" on charts ??? Shouldn't there be sudden spikes and sudden falls ? I don't see any such thing....
https://i.pinimg.com/originals/84/c4/81/84c481f514f779bb1d7a5c9169fbb9c6.gif
On Weekly:
The price is going thru a Beautiful Cup and Handle pattern, but is just unable to break out of 19 levels despite 3 attempts - Why ?
On Daily:
The answer to the above question lies within the Daily timeframe chart. From when it first touched 19 level in early 2024, till now, the price is actually forming an Inverted Head and Shoulder Pattern which is embedded within the Handle portion of C&H
Based on Support and Fib levels, the price WILL take U turn from 15.5 (Fib 0.5) or 14.6 (which is much strong Fib 0.618 Golden Ratio - combined with Strong Support as well)
Fresh entries / Averaging can be done around 15.5 (light) or 14.6 (heavy) once bullish reversal signal is seen
Targets still intact 19, 24, 30
-------------------------------------------------------------------------------------------------
True story....
When I was in 3rd grade, playing and running with my friends a stray dog chased me and scratched me on my back. I didn't know whether it bit me or just nails
I was so scared to tell my parents as I was afraid of the infamous 24 or 36 injections around the belly button - back those days....But friends told my mom and she rushed me to hospital and Dr confirmed that it's just a nail scratch not a bite and 1 injection was enough
But until I was grown up, the sight of any dog would scare me to death.... A loud bark would give me shivers. When I learnt how to control dogs and how to pet them, the fear is gone
Unfortunately, this is exactly what we are passing on to our next generations
We might have been attacked or even bit by a dog (Penny stock or High Beta Stocks) but what is the Learning you are passing on ? To run away from them ? Remember - if you run away from a Dog it will Chase you....
If the answer is still to run away, then sorry my friends - you haven't learnt anything from your bad experience. You may run away from a Penny stock today, but if similar instances and issues arises on the likes of Yes Bank, ICICI (Kocchar scam) or Varanium Cloud - are you prepared to handle them and what do you pass on to your next generation ???
The Chart 📈 is my Magic Butter Biscuit 🍪. It can TAME any Dog
Learn to Ride the Tide, irrespective of its Side and Size
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.