Stock Market Strategy: Vodafone Idea Stock - 22% Upside Before Q4, Buy Now or Wait?
Vodafone Idea is gaining attention again in the Indian stock market. From an intraday trading and short-term perspective, the stock is now at a crucial level.
What’s happening in the stock?
Stock corrected in the last 3–4 months (₹12.8 → ₹8)
Now showing a strong rebound from ₹8–₹8.5 zone
Current price around ₹9.45
Already up ~10% in the last 1 month
This shows strong buying interest at lower levels
Technical View
Breakout above falling channel
Sustaining above 200 DMA (positive sign)
RSI trending upward
Overall, short-term momentum looks bullish
Target & Strategy
Bajaj Broking target: ~₹11.6 (≈22% upside)
Support zone: ₹8 – ₹8.5
Trend: Rebound + Uptrend
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For intraday trading & short-term, buying on dips can be a good strategy
Q4 Results Impact
Revenue & EBITDA may remain slightly weak
Subscriber loss is a concern
But ARPU improvement & 4G growth are positives
Expect high volatility around results
Brokerage View (Mixed)
Motilal Oswal / ICICI: Hold (₹10 target)
JM Financial: Add
Kotak / Emkay: Sell (₹6–₹7 target)
Overall sentiment is mixed
Final Stock Market Strategy
Short-term: Bullish momentum possible
Intraday trading: Take advantage of volatility
Long-term: Wait for confirmation (higher risk)
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Investment in the securities market is subject to market risks
