Vodafone Idea- CMP 9.85. Today at closing it closed positive. Today cash volumes are also almost double the previous 3 days average volumes, also future OI rise is also at healthy 8% with price rise. This indicates formation of longs in the counter. Recently it has touched 20EMA line and reversed from that level which is also a healthy indication. RSI is also showing positive divergence. MACD line also is making an attempt cross signal line which is also positive and bullish sign. On charts also it is trying to breakout the recent resistance at 10. If it successfully closes above 10, then it can go to 11.1, 11.7, 12.35. It is for educational purpose only.
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