Thursday, September 06, 2018

Indigo elliott wave analysis

Aviation sector got badly beaten in in last 3 months.
I had written about Jetairways elliott wave analysis.
The stock has fallen alot.Lets check the other stock from the sector

The stock did a leading diagonal and brokedown .The stock fell from 1500 levels to 870 levels in matter of 3 months.The stock has good support in 850-830 levels and is good level to accumulate.The stock can rally back to 1000+,A close below 800 is the risk to this wave structure.


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