UPDATE 02/07/2014
IDEA WOOW HIT 138.. PROFIT 16,000 RS---WAT AN IDEA SIRJIIIIIIII
NOW Why?: Because Idea Telecom stock is at 100 week ma
TRADING STATEGY BUY IDEA FUT AT 130 SL 124 TGT 140-150 TIME FRAME 4-7 WEEKS
Here’s the Weekly Chart
The Level of 150 now has become the
resistance. Also, on downside – the level of 130 has acted as support
for last few months. Interestingly, on weekly chart – this level
coincides with 100 week ma.
What this means?:
That if Idea stock has any chance of revival – this is the level from where it should bounce. For investors who like Idea – the level of 130 is good place to enter with closing stop loss below 124. In Short term, it seems Idea Telecom will bounce from 130 to 150..but if it fails, then Idea Telecom will go back to 100 again. Let us see what happens.
IDEA WOOW HIT 138.. PROFIT 16,000 RS---WAT AN IDEA SIRJIIIIIIII
NOW Why?: Because Idea Telecom stock is at 100 week ma
TRADING STATEGY BUY IDEA FUT AT 130 SL 124 TGT 140-150 TIME FRAME 4-7 WEEKS
Here’s the Weekly Chart
That if Idea stock has any chance of revival – this is the level from where it should bounce. For investors who like Idea – the level of 130 is good place to enter with closing stop loss below 124. In Short term, it seems Idea Telecom will bounce from 130 to 150..but if it fails, then Idea Telecom will go back to 100 again. Let us see what happens.
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