Idea Cellular makes downward trendline breakout @ 51.4 – 51.65 & closes well above that today.
Rgds/Balaji
On Thu, Nov 12, 2009 at 10:05 PM, BALAJI Jayaraman <bctbalaji@gmail.
All,
Idea Cellular seems to be forming "Bullish Morning Star DOJI Reversal".
Lets see if we can see some fireworks in the coming days. Trade details are available below.
Good Luck,
Rgds/Balaji
On Wed, Nov 11, 2009 at 11:29 PM, BALAJI Jayaraman <bctbalaji@gmail.
Yes, Indicators are not suggesting anything...Volume is also kinda muted along with subdued price movements...
Charts of IDEA attached.... with Candlestick patterns...
Bullish Doji/Dragonfly Doji formation at the bottom of the downtrend. Can we expect a reversal soon?? Is the pattern valid?
Bears were trying to push prices downward, but an area of support was found at the lows of the day & buying strength was able to push prices back up to the opening price....Bulls seems to be gaining interest in the stock.
The a break of a downward trendline (around 51.40-51.65) will make the stock bullish - target can be 54-57-61.
Any comments???
Rgds/Balaji
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