NeeteshJain

IDEA - Potential Continuation Pattern

Long
BSE:IDEA   VODAFONE IDEA LIMITED
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
Trade active: Target: 93.50

Stoploss: 91

Regards
Comment: 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
Comment: Rising wedge triangle did breakdown and failed continuation pattern. Now, taking 87 as a good stop loss. one can enter long. Regards