Idea Cellular may slip to Rs 44: Thacker
Published on Friday, November 6th, 2009 at 6:29 PMAuthor: stockalert (1858 Articles)
Technical Analyst, Mitesh Thacker of miteshthacker.com is of the view that Idea Cellular may slip to Rs 44.
Idea Cellular can probably move towards Rs 44 level. It’s been surprising in the sense that we have seen Bharti Airtel bounced back strong, Reliance Communications has given some kind of a technical bounce back for the last two days. But Idea Cellular failed to participate and is now again back to its lows of the decline. So Rs 44-45 probably could be levels where we can see some kind of decline being arrested. The bad part is that on every fall we have seen open interest being added. So even that bounce back if it happens from those levels would be short-lived and probably exit opportunity. “
Source : MoneyControl
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