1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

What are the short term views on idea cellular?

Discussion in 'Technical Analysis' started by paresh_gujarati, Feb 17, 2017.

  1. paresh_gujarati

    paresh_gujarati Member

    Joined:
    Feb 16, 2017
    Messages:
    23
    Likes Received:
    9
    The merger of idea n Vodafone gave boost in share price of idea. It is now trading at around 105..I have bought at level of 117. Should I hold it?

    Sent from my Le X509 using DIY Technical Analysis mobile app
     
    paresh_gujarati, Feb 17, 2017
    Share #1
    nirajshah likes this.
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Too much volatile to apply any technicals.
     
    shabbir, Feb 17, 2017
    Share #2
  3. paresh_gujarati

    paresh_gujarati Member

    Joined:
    Feb 16, 2017
    Messages:
    23
    Likes Received:
    9
    paresh_gujarati, Feb 20, 2017
    Share #3
    nirajshah likes this.
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I don't prefer investing in telecom sector as they don't have any pricing power and fierce competition. Still trading we can get Bharti with stop loss but not idea as it has too much volatility
     
    shabbir, Feb 20, 2017
    Share #4
    nirajshah likes this.