📈 Vodafone Idea – Major Breakout After One-Year Accumulation!

Technical Analysis The price has decisively broken out of a 12-month consolidation box between ₹6.0 and ₹10.0 — a classic accumulation zone where weak hands exit and stronger hands build positions. The breakout candle is large-bodied and supported by strong momentum, indicating renewed trend strength after months of sideways drift. By Elliott Wave reading, the long base suggests the completion of a Wave 2 correction, with the current breakout signalling the start of Wave 3, typically the strongest impulsive leg. MACD momentum (though not visual in the chart, inferred from price behaviour) shows bullish expansion, validating the shift from range-bound action to trend continuation. With supply absorbed at the upper band, the breakout projects a measured target near ₹14.5–₹15, derived from box height extension. Fundamental Strength The company continues to witness improving operational metrics, with gradual ARPU enhancement and cost optimisation aiding recovery. Ongoing strategic initiatives and network enhancements support medium-term stability. Fresh structural improvements in subscriber stickiness and capacity upgrades also add long-term relevance to the turnaround story. View Bias: Bullish as long as price holds above the breakout zone. Support Zone: ₹9.8–₹10.2. Upside Potential: ₹14–₹15 based on range breakout projection. Risk Zone: Breakdown below ₹9.5 invalidates the breakout structure.