IDEA - Potential Continuation Pattern
It is been observed on the hourly chart that the price action is forming a continuation pattern after breaking downward channel pattern.
It shall be a good opportunity to take a part in it once it closes above 93 levels.
I shall update the targets later.
#Watchlist
Regards
It shall be a good opportunity to take a part in it once it closes above 93 levels.
I shall update the targets later.
#Watchlist
Regards
Trade active
Target: 93.50Stoploss: 91
Regards
Note
Idea's Quarter Earnings out,Here is the outlook:
IDEA - margin beat due to cost optimisation
EBITDA at 27% vs 25% (Est of 22- 22.5%)
"Loss lower than expected"
Resource: CNBC News ( Twitter)
Trade active
Note
Rising wedge triangle did breakdown and failed continuation pattern. Now, taking 87 as a good stop loss. one can enter long. Regards
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.