idea cellular after consolidation move for about three weeks is now breaking out. idea cellular is the top dainer today opening with a breakout gap due to voda -idea deal where the merged entity stands to become India’s largest telecom company with revenues of over Rs 80000 crore. The deal would bring 43% of market share  where idea shares were trading 168% more than the average volume today. The stocks will head towards 130 as the reflection of deal in the market is very positive.  idea jumps 8% following developments over the deal.

3 Comments
  1. EQSIS 7 years ago

    Thanks for the detailed observation, Technically it sketched the bullish flag pattern.

  2. Tamil Selvam J 7 years ago

    A good analysis.

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