IDEA - LONG - SHORT TERM
The RSI is placed at 37. It is bounced back from 31 levels and showing some strength.The 200 DMA is Acting as Resistant. Stock has Tried to Break the 200 DMA Resistance few days back and Failed to Break it. It is going to Test the 200 DMA as the RSI is indicating a Support at 37 which is bounced back from 31 levels. So one Can Initiate LONG on IDEA at CMP for a Target of 89.45 With a Stop loss Placed at 82.9.
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