buzzing stocks -Idea Cellular Ltd stock will recovering towards 84

Idea Cellular Ltd stock chart Idea Cellular Ltd stock today closed at 78.2 with a gain of 7% plus. The idea on downside achieved 72 rupee target and taken support below it. Today we saw strong short covering rally and the stock closed at day high.   Idea Cellular Ltd stock technically still is in a downtrend but momentum clearly reversed and investors doing bottom fishing here. On upside 84 will be a major hurdle as well as a target zone for next 1-3 trading sessions. A breakout above 84 means bullish trend for IDEA and upside target up to 90 and 100. On downside 73 and 67 are remain as strong support zones.   Long future traders keep the target at 84 with trailing stop loss while options traders keep buying on dips view on IDEA 75 call options. Today it is rallied from a low of 1.15 to high above 4+ almost 300% plus gains. For long-term investors level of 75 to 60 is buy and accumulate zone for targets 92 and 117.For stock tips on WhatsApp with live support and follow-ups join our intraday tips service.

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Pramod Baviskar

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