Idea cellular Ltd on a daily chart stock price at
Rs. 79.50 has given the breakout of long downward sloping trend line at Rs.
76.50, indicate rally will continue towards Rs. 100 level. Likewise, stock
price is making higher high pattern with increase in volumes. Momentum
Oscillator MACD is heading north to, which further add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.79 for the target of Rs. 100 levels, with Rs. 68 stop
loss on closing basis.
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