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It is been observed on the hourly chart that the price action consolidated within a channel or flag formation and now it has broken above the channel and moving towards the next resistance level .
Target: 116
Stoploss 111
Regards
Target: 116
Stoploss 111
Regards
Trade active
Trade closed: target reached:
Target reached successfully, Regards
Comment:
If it hold above 119 levels today then it shall move further up to 124-126 levels. Regards.
Trade active:
Idea closed above 119 levels indicating further move up to 124-126 levels. Regards
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Comments
Hi Neetesh , Should we continue to stay in Idea cellular CMP @ 112.10 now ? Do u expect uptrend or downtrend in near shorterm now?
Reply
@NeeteshJain, Thanks for the prompt reply :) Would follow ur advice religiously :)
Reply
@anishg86, Yes, now it has closed above 119 levels, it can further go up to 125 levels. Regards
Reply
thank you. your technical analysis is very good. what one has to follow while trading intraday?
Reply
@nalinakshi, I appreciate your generous words, wish you the best. Regards
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Idea recovers 4% from day's low - supply hangover gone. Idea Cellular CMP @115.50. Has the Rally started again in Idea Cellular ?
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