IDEA OPENED WITH A GREEN GAP AND LEAPT TO 119.....IT KEPT CONSOLIDATING AND OPENED WITH A RED GAP BUT RETRACED THE JUMP TO JUST 0.70 PAISA. NOW IS IDEA GOING TO COVER THE 70 PAISA IN THE NORTH OR is 78.25 waiting????
IDEA has been correcting since a long time and it looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction.
Happy Trading!!
Hi all,
Found another sell set-up in Idea yesterday, however, couldn't post on time.
Set-up has been confirmed today with RSI pointing downward and stochastic crossover on downside with downward trending trend-line amidst bad numbers and all MA trending down.
If you already are short in Idea, I would recommend hold with SL of 80 and target of 66 on closing...
NSE:IDEA IDEA has broken support levels around 103 after moving sideways for a while. Telcos are under clear pressure with imminent launch of Reliance JIO and over the next few quarters, pressure on CAPEX and ARPU is going to be significant.
Technically it is in bearish trend both on weekly and daily charts. MACD has turned bearish and Price has failed to...
How much an idea is worth ? ;) pardon the pun but that's the questions everybody is asking recently. In the beginning of 2013, Idea Cellular Ltd stock was trading around 100 and now after 3 years and trip to 200, it is back where it started. It is tempting to get long at these levels technically and people who saw it first has already done that ! And well, already...
