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Rakesh Madhav CFA

11th Dec · SEBI-Registered Analyst

📱 Vodafone Idea – Finally Breaching Key Resistance

IDEA
surged +4.2% to ₹11.25, breaking above its long-standing resistance around ₹10.2. What’s Driving the Move: Optimism around tariff hike talks and potential ARPU improvement in FY26. Progress on 5G rollout partnerships and partial debt refinancing by lenders has revived investor interest. Heavy volume (3.6B shares) reinforces breakout credibility. Technical View: Weekly RSI 65 indicates strength with room for expansion. EMA-9 support at ₹10.0; next resistance lies near ₹12.5. 📈 Tone: Breakout confirmation play; strong follow-through could open gates to ₹13–₹14 range.

#TrendingSectors#SectorBreakouts#TechnicalViews#FundamentalViews
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