IDEA CELLULAR REVISTED

• On 20th May, Stock broke-up with down-ward sloping trend-line with a volume expansion, but took resistance, but took resistance at 38.2% retrace-ment of its previous downfall from 188 to 125
• In the next session it lost all of its price gained in previous session, forming Bearish Engulfing Pattern, with shadows on the both side [ Such made lower high and , lower low than previous session and closed under the previous session, which shows weakness may continue in next session , if prices opened under the middle of this candle.
• Like-wise today opening took place at middle of previous candle and prices headed lower and closed almost near its low, signalling weakness may continue in tomorrow session.
• Initial Stop-loss of 140 is triggered in today's session.
• Stock tested its 30 day moving average and still standing above it.
• Stock is likely to take support at levels of 137, 135, 133, 129,125.
• Stock may face minor resistance at 141.5.