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.
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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
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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
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