News India Live, Digital Desk: The key to profit in the stock market lies not only in what you buy, but also in what problems you avoid. At present, there are two stocks whose graph looks desperate to break out of a ‘Flag and Pole’ pattern or consolidation.
2 Stocks That Could Shine
According to experts, the stock of an IT giant and an infrastructure sector is preparing for a breakout with strong volumes. When a stock moves in a range for a long time and then breaks out with heavy buying, we call it a ‘breakout’. Both these stocks are currently very close to breaking their important resistance. If these shares continue from here, a big rise can be expected in a short time.
Vodafone Idea: Better to stay away?
Now let’s talk about that bitter medicine, which many retail investors do not like. Vodafone Idea (VIL) has been the center of investors’ hopes for the last several years, but the reality is that its debt burden and technical weaknesses are not allowing it to survive. Today’s market report also clearly says – “Avoid”. Unless there is a major fund infusion or business reformation in the company, investing money in it could be a ‘high risk’ deal. There is no strength visible on the graph, so instead of getting emotional, be practical and take the decision.
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