Yes it is. Because After 5 wave move to the downside from apr 2015 to jan 2017, corrective pull back was expected on this stock and it is happening now. Based on my analysis after the abc move upside in daily chart this stock will deteriorate to the downside and go below 50. we might witness it happening around later part of 2017. This is just my view. I will post my chart when I find some time in a separate thread
And at the moment we dont need to worry about whether it will fall below 40 around year end or not. we can focus on ABC upmoves and get benefited from that.after ABC upmove if we dont see an 5 wave move to the downside, rather if it consolidates with overlaping waves then it would confirm that i was wrong and it will make new highs then
In FNO stocks if it hits UC then UC limit will be revised i think it will happen atleast for 3 times in a day, Because that is what i witnessed sometime back in JP associates
In FNO stocks if it hits UC then UC limit will be revised i think it will happen atleast for 3 times in a day, Because that is what i witnessed sometime back in JP associates
Just some wild guessing for what shd be price of idea. U can throw some light on this one
Now airtel is largest player. If idea and vodafone combine that will be largest telecom company. PE ratio of airtel is 26.4 and idea is 21.7. So PE of idea shd increase...?
Also airtel has facevalue 5 while idea 10. So idea should be priced atleast half of airtel if deal goes thru ?? So ideally shdnt idea move to 150-180 if deal goes thru..?