Idear Celluear: Rs.196 the stock has made a new all time high indicating strength in the stock and bulls are dominating the stock. It can be seen from the monthly chart above that the stock has formed an cup and Handle pattern over a period of 7-8 years and it seems to have broken above the neck line which should be a bullish sign for the stock. The long time taken for formation of the pattern is a very bullish sign. Fundamentally there is no introduction required its a leading telcom service provider india next only to Bharti Airtel as far as i know. Stop loss any close below 200 day EMA.

Mahiidar M
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