Idea Cellular

Hi All,

Idea touches its 52wk high 178, closed at 176. once it break out 178 can we enter for this with SL : 175.

Please share your views.

Thanks,
Praveen

 

wait for 180 level then enter with stop of 170.

If planning for intraday or positional (weekly) ur levels r perfect

 

thanks sanjay, i am not trading in intraday. its short term only.

 

Ya waiting for 180 break out.

 

Make ur plan to enter above 180 only, stop seems perfectly fine.

 

breakout at 180. now trading at 182. i hope it is right time to enter.

 

target will be 190 sure shot ......

 

Target should be 195-203-211

 

entered at 181.

 

entered into CE 190 @ 5.00 for target around 200

 

Shabbir/Rishi need your views here on IDEA...on breakout pattern

 

Hi chequesuraj,

Yes, I too second Shabbir's view.....

Idea is a BUY for a target of around 195.

 

I agree that charts show buy,..but i am getting bad feeling on this stock..it has run up too fast

 

"Idea" used to be more of a defensive-play (being a Telecom counter) - but off-late it has been rising, rising & rising .... It has shot up from around 165 to 185 levels in very quick time.

 

Kumar Mangalam Birla has been booked by CBI in the Coalgate scam.

On account of that, Idea has taken a hit (Idea is an Aditya Birla Group company).

People who are holding positions - Please be cautious on that note - Also be aware that Idea may announce a QIP of Rs 3,000 crore - the pricing of the QIP is likely to be at Rs 190-195 per share - The funds will be used by the company to repay debt and to meet capex requirements - as QIP pricing was around 190/195, Idea had run up from lower levels - now, all of a sudden this news of Kumar Birla getting booked by CBI has come up.

I thought it will be helpful if this news is provided - hence posted -

 

has it hit stop loss? or the buy call still remains?

 

The quoted post suggests that SL was 175. If it was, then SL has been hit.

Any other SL's - I couldn't find any apart from this one.