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Stock Tip - Double Bottom Chart Pattern Formed By Idea Cellular Ltd.

The EOD analysis on 04/02/2014 indicates Bullish Signal for Idea Cellular Ltd. There is formation of Double Bottom Chart Pattern byt his stock and good activity is seen in the volume of this stock making the pattern reliable. Looking at the RSI/Stochastic Study the stock is in oversold range and incorporating the price volume action to it, suggest that the stock will rise in coming days.

Research Date : 04-February-2014 After Market Close.


Detailed Stock Analysis at Idea Cellular Ltd.         Learn Double Bottom         More stocks Forming Double Bottom

Recent Chart Patterns Formed by Idea Cellular Ltd.

As per slow stochastic indicator, Idea Cellular Ltd. was in over sold level. However, recent price moves on 05/02/2014 indicates trend reversal and stock may rise in near future.

Chart of Idea Cellular Ltd. has formed Pattern - Double Bottom. Validity of this pattern is atleast for duration : 22/01/2014 to 05/02/2014 This formation is first found by our screener on 05/02/2014. Lower Points are formed at points 03/02/2014, 28/01/2014, . Mid point created at 31/01/2014, .

Stock has fallen by more than 15% in last One Month.. Stock has fallen by more than 25% in last three Month..
As per Relative Strength Indicator (RSI), Idea Cellular Ltd. was in over sold level. However, recent price moves on 04/02/2014 indicates trend reversal and stock may rise in near future.This was done with jump in volume. Which is another indicator supporting the counter trend.

More patterns here...


We make our best judgement on this stock analysis, however, we do not gurantee on any of its future direction. Please consult your stock advisor before making any trading/investment decision.
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