top gainer : IDEA stock shorting oppertunity ?

idea stock price target Idea Cellular Limited stock today closed at 113.75 with 6% plus gains. Last high was at 115.1 and then stock corrected up to 106 rupees.     On daily chart price trend and momentum both are bullish but indicators are overbought. On upside 117 and 124 are resistances as well as shorting levels with stop loss. On downside 107 and 100 are support as well as corrective targets.     My view is bearish on stock and todays move was nothing but shorting opportunity!!     Option traders can play this with 100 or 110 put option as buy on decline.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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