Idea cellular charts showing negative divergence. It has rallied all the way from Rs. 75 to Rs. 122.55. The technical indicators along with the price showing negative divergence. So the correction in the stock can be expected.
It is showing a clear signs of distribution and a short term trend line has broken. In the near term stock can correct up to as much as 96, If the stock goes under a steep correction. The key support zones to watch out for the stock include: 110, 105 and 96. It has a resistance of 116.80 and 120.
To know more about probable counts contact us back of http://fortunfin.com/contact-us.
Disclaimer: This is just an view based on the research of individual. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in stock markets.
It is showing a clear signs of distribution and a short term trend line has broken. In the near term stock can correct up to as much as 96, If the stock goes under a steep correction. The key support zones to watch out for the stock include: 110, 105 and 96. It has a resistance of 116.80 and 120.
To know more about probable counts contact us back of http://fortunfin.com/contact-us.
Disclaimer: This is just an view based on the research of individual. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in stock markets.
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