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Idea Cellular


Accumulate Idea Cellular for investment @CMP 135, stop of 119 target 175 plus

Analysis: In upcoming period we have bullish view on Idea Cellular ltd. We see on daily basis prices are making a cup & handle pattern. We are expecting from level of 141 price will show bullish rally to upside levels and above 150 levels we can see heavy volume breakout of cup & handle pattern, from past periods prices are closing above 55 days moving average. On Monthly Basis prices made Bullish Harami candle pattern, its good indication for bullish trend in Idea Cellular.

We advices to accumulate Idea Cellular for investment at current market price of 135 with upside target of 175 & 119 will be a stop loss for this trade. 

52 weeks High:188
52 Weeks Low :101


Idea Cellular (Daily Chart)

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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