IDEA CELLULAR
- As per chart no1, IDEA Cellular is moving in a up channel pattern, this is a bullish pattern and as long as stock trades in between bulls will be favored.
- Chart also indicates that stock is moving up from 50 DMA and is now finding resistance around 177.50, once closes and stays above 177.50 then bullish action can be seen for next few trading days.
- Free Intraday tips - Close watch once Idea starts trading above 177.50 during trading hours then intraday action is expecting.
- According to weekly chart , Doji has appeared this usually indicates change of trend and sharp movement. Close watch if breaks resistance then sharp movement can be seen.
- If stock moves up from current levels then will find next resistance around 185, levels as per fibonacci retracement. Close Watch.
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