IDEA is looking good with strong consolidation prior to 13 & 15
Idea's chart is looking very simple & clean for further up move.
Why I choose this trade:
Technical Analysis
Market Analysis
I strongly believe that shutting down operation is not solution here because the user base is still very large & it will affect on many people.
So best option could be paying dues in installment which Idea is asking.
Why I choose this trade:
Technical Analysis
- Idea shot up from 6 to 12.55 within few trading days.
- It cooled down to the 9 after big move and found very good support at 8.50 - 9
- Since last few trading session it is ranging between 9 to 11 but not breaking 8.50 except 1 trading session.
Market Analysis
- Idea told to Supreme Court that they are no in position to pay dues upfront.
- Government is not in position to bail out at all due to Corona Crisis.
- Declaring as bankrupt is the worst case scenario because many banks having exposure in Idea.
- Most important taking out Idea from the Telecom leads to fear of Monopoly.
I strongly believe that shutting down operation is not solution here because the user base is still very large & it will affect on many people.
So best option could be paying dues in installment which Idea is asking.
Dagangan ditutup: hentian tercapai
Stop loss hit.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.