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    HomeNewsBusinessStocksBuy Vodafone Idea, says Mazhar Mohammad

    Buy Vodafone Idea, says Mazhar Mohammad

    Positional traders are advised to adopt a two-pronged strategy of buying now and on declines between Rs 40-38 levels for an initial target of Rs 49.

    Moneycontrol News
    November 19, 2018 / 11:14 IST
    Vodafone Idea (Image: Reuters)

    Mazhar Mohammad

    Vodafone Idea appears to have registered a price and volume breakout as it witnessed massive gains on huge volumes in the last session which has erased losses of preceding 6 sessions in one attempt suggesting a bottom around 36.

    Hence, positional traders are advised to adopt a two-pronged strategy of buying now and on declines between Rs 40-38 levels for an initial target of Rs 49. A stop suggested for the trade is below Rs 35 on a closing basis.

    Moneycontrol News
    first published: Nov 19, 2018 11:14 am

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