Idea: Short Term Money Making Machine
The idea is the oldest telecom company that is struggling today with consolidate time today as facing consolidated zone in recent days.
But we can observe it as a money making machine in short term trades
When we put it on daily charts it's support and resistances are as follows:
1st Support: 8.45
2nd Support: 8.80
If it crosses 8.80 then it can show you the levels of 8.45. The buying zone is 8.80 and 8.45
1st Resistance: 9.30
2nd Resistance: 9.70
If it crosses 9.30 & 9.70 then it can again show you the targets of 10.30 and more.
The stock is also taking support on its 50 days moving average it means it is in an uptrend right now.
So, GO GET IT
I am not a SEBI registered broker. So, take the legal advice of your broker before entering into trade.
But we can observe it as a money making machine in short term trades
When we put it on daily charts it's support and resistances are as follows:
1st Support: 8.45
2nd Support: 8.80
If it crosses 8.80 then it can show you the levels of 8.45. The buying zone is 8.80 and 8.45
1st Resistance: 9.30
2nd Resistance: 9.70
If it crosses 9.30 & 9.70 then it can again show you the targets of 10.30 and more.
The stock is also taking support on its 50 days moving average it means it is in an uptrend right now.
So, GO GET IT
I am not a SEBI registered broker. So, take the legal advice of your broker before entering into trade.
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