nextgen

IDEA Cellular heading channel resistance

Short
NSE:IDEA   VODAFONE IDEA LTD
IDEA Cellular has been trading in down trend and trading in a bearish channel , although channel is wide enough, it seems to be approaching the channel resistance somewhere between 83-84 and it may reverse from there towards the channel support, but need to be cautious at 83 as trend may change from this level by breakout upside. there is limited upside but falling distance is much more.