The price-to-moving averages action has turned favourable for Voda Idea stock for the first-time since July 2024; Key hurdles for the stock stand at ₹10.69 and ₹11.88 levels, show long-term charts.
Voda Idea stock has witnessed a Golden Crossover and trades above key moving averages and trend line indicators on the daily and weekly charts; the challenge ahead remains the 200- and 100-WMAs.
Vodafone Idea share price has surged 73% in the last three months. The stock can potentially zoom another 53% if it manages to clear the key hurdles at ₹10.77 and ₹11.88 levels, suggests tech charts.
Voda Idea is seen trading consistently above the 200-DMA after a gap of more than 1 year; a weekly close above ₹8.26 shall further strengthen the stock, suggest technical charts.
Telecom stocks to buy, sell: Citing expensive valuations and low growth outlook, Emkay Global is cautious on the telecom sector. It initiated coverage on Bharti Hexacom with 'Reduce' rating
MTNL stock seems favourably placed on the short-term charts. Can the recent flow at the counter help it breakout on the long-term chart or will it falter? Here are the key levels to watch out for.
Technical outlook on telecom stocks post SC verdict on AGR dues: Voda Idea looks weak on chart and can slide up to 34% from present levels. Bharti Airtel and TTML, however, look favourably placed.
Vodafone Idea AGR Relief: According to reports, the Supreme Court, on Monday, dismissed writ petitions filed by Vodafone Idea asking the Court to direct the Government to exempt interests on AGR dues
After the conversion of the spectrum liabilities into equity, Vodafone Idea is expected to raise bank debt which will help it undertake capex to strengthen its 4G network and rollout the 5G network.
Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.
Technical chart shows key resistance for the stock at Rs 61.70; break and sustained trade above the same can trigger a sharp rally at the MTNL counter.