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.
TELECOM Stocks in vogue: idea witnesses breakout gap with bullish view
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Stock Analysis
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Bullish View
Bearish View
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Thanks for the detailed observation, Technically it sketched the bullish flag pattern.
A good analysis.
ALSO MY OBSERVATION IS IDEA..
https://www.eqsis.com/pro/all-pattern-say-only-bullish/