NeeteshJain
Long

IDEA - CHANNEL BREAKOUT

BSE:IDEA   IDEA CELLULAR LTD
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
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
Idea recovers 4% from day's low - supply hangover gone. Idea Cellular CMP @115.50. Has the Rally started again in Idea Cellular ?
Reply
Sir, this touched 107.10 today...should we hold further, pls advise.
Reply
NeeteshJain VikasChhatwal
@VikasChhatwal, Yes, until it goes 107 again.
Reply
VikasChhatwal NeeteshJain
@NeeteshJain, Sir..should I book my loss in it. I am not a very active trader. But trying to learn, I guess I am mking some rookie mistakes.
Reply
Hi Neetesh , Should we continue to stay in Idea cellular CMP @ 112.10 now ? Do u expect uptrend or downtrend in near shorterm now?
+1 Reply
@anishg86, YES, HOLD WITH SL 107. Regards
Reply
anishg86 NeeteshJain
@NeeteshJain, Thanks for the prompt reply :) Would follow ur advice religiously :)
Reply
Idea Cellular is hovering around 117.45 ? What does your chart say about Idea Cellular now? Do u think it would go up and reach 125 or do u think it will slide below 117 today ?
Reply
@anishg86, I'm not able access charts today, once I will then I shall update you. Regards
Reply
125.5-129-132 are shorting levels as well for resistance traders.
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