IDEA closes at 78.05 with a fall of -1.40% on 21 June 2011 with formation of Dark Cloud Candle with Bearish Bat Patternon Daily Price Chart..Technically, IDEA looking extremely Bearish on Charts. Major Momentum Indicators are Moving Downward. Buyer-Seller Force Index,RSI, Ultimate Trend Cycle & Twinggs Money Flow & TAIO are losing strength on Daily Price Chart.
We Recommend to SELL - IDEA at CMP
Target- 73.50
Stop-Loss – 81.500
Time Frame- 5-15 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
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