Tuesday, April 1, 2014

IDEA CELLULAR LTD is trading above 30 day moving average .[ Higher top- Higher bottom formation ]


  • Stock's today session was within the previous session, forming an inside candle at  previous bottom's support
  • Stock has been trading in a up-trending channel,making higher top -higher bottom.
  • Stock had taken minor resistance at 23.6% retrace-ment ,of its previous downfall from 188.4 to 125.1.
  • Stock is trading above 30 day simple moving average.
  • Volume declines when prices rallies down.
  • RSI is flattened and turning -up
  • Diminished black real body, signalling a strength in stock.
  • Stock may test levels of 143, 150.
  • In case stock again tested  levels of 133, it may then be seen as forming rectangle consolidation.
  • Stop level is placed on 133.


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