financialmarketsalgorithms

IDEA (INDIA) Bullish Basing pattern -Daily Chart

Long
NSE:IDEA   VODAFONE IDEA LTD
5
Idea Cellular is forming a bullish basing pattern and has defended the last swing low near 65/67 levels successfully. A break above 80 will confirm that the control has shifted to the Bulls.
Comment:
Zoomed by 27% as of now after it broke 80 resistance. Better to take some money off the table.

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.