Niftyadviser
Short

If short Idea Hold for target of 66 with SL of 81 on closing

BSE:IDEA   IDEA CELLULAR LTD.
11 0 1
Hi all,

Found another sell set-up in Idea yesterday, however, couldn't post on time.

Set-up has been confirmed today with RSI pointing downward and stochastic crossover on downside with downward trending trend-line amidst bad numbers and all MA trending down.

If you already are short in Idea, I would recommend hold with SL of 80 and target of 66 on closing basis.

Thanks.
Comment: Idea half position can be covered around at this level recommended short at around 80 level.

For remaining half position trail your SL to 77.

Never let your winners turn into losers.
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