top loser-Idea Cellular Ltd below 118 remain sell tgt 107-95

 

top loser-Idea Cellular Ltd below 118 remain sell tgt 107-95

Idea Cellular Ltd stock today trading at 113.45 with loss. Stock is top loser in nifty and in f&o segment.

 

Stock had given breakdown below major support area of 117-118 and now expect downtrend for May series.

 

On downside first support/ tgt will be 107 and if it breaks 107 then panic sell off can take stock up to 95 rupee level.

 

Stock might remain under performer in 2016, might show 90 to 70 rupee levels on downside.

 

 

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