IDEA - CONSOLIDATION BREAKOUT

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It is been observed on the hourly chart that the price action consolidated in a downward or a zig-zag correction and now it has broken above the downward trend line indicating buyers come back. It shall further take the prices up from the current levels.

Target: 112

Stoploss: 109
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Idea in news for expanding 4G network in 30 new towns within India. Regards
Ghi chú
Stoploss Changed to 108
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Ghi chú
Big players taking every dip as an opportunity to buy in the market. Idea is one of the script where big players anticipating the same.

It is in a bullish mode and it shall further move up to 120 levels in march series.

Thanks,
Ghi chú
Updated Chart with new stop loss,

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Stoploss: 106

Regards
Đóng lệnh: dừng lỗ
Ghi chú
It is still in uptrend and it shall move up again later in coming days. Now, you can hedge your positions by buying a PE 102.50. Regards
Ghi chú
It did come back strongly and continuous to trend up. Regards

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