IDEA - Potential Continuation Pattern

It is been observed on the hourly chart that the price action is forming a continuation pattern after breaking downward channel pattern.

It shall be a good opportunity to take a part in it once it closes above 93 levels.

I shall update the targets later.

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Regards

Zlecenie aktywne:

Target: 93.50

Stoploss: 91

Regards

Komentarz:

Idea's Quarter Earnings out,
Here is the outlook:

IDEA - margin beat due to cost optimisation

EBITDA at 27% vs 25% (Est of 22- 22.5%)

"Loss lower than expected"

Resource: CNBC News ( Twitter)

Zlecenie aktywne

Komentarz:

Rising wedge triangle did breakdown and failed continuation pattern. Now, taking 87 as a good stop loss. one can enter long. Regards