Congrats! Channels helped us to get 400+ points in Indigo as suggested in last idea. Aviation stocks got badly hit & all were searching for safe landing since June 2018.
Last Idea - Pilots Never Tell_ Plane will crash but channels do --You can click the idea to check the details
Aviation Stocks since June 2018
Jet Airways slipped from 400 to 190's
SpiceJet slipped from 120 to 67 lows
Important Support Zone 790-815 is very important zone & making close bottom at 821 as of 25th Sep2018 & pushing upside could be early sign for aviation stock- Indigo to take off.
Important Note Going below 790 is the engine failure. Be careful
Safety Devices Hope all planes have operational safety devices with them incase of any or all emergency.
Turning upside from 821 day low in the auspicious time zone close to 12 noon is early signal for upside
Your comments Let me know your comments and your experience if you landed safely with these stocks. Shall be happy to know your experience.
Trade closed manually
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12:15 Hrs 26th Sep 2018
Last Price@842
Hello Followers
I am closing the idea and have suggested all who were interested and approached for the same.
How do you factor in the fundamentals? Operating costs up by 30% owing to depreciating rupee and rising aviation turbine fuel. Today the govt. has also announced a 5% duty on the ATF. OR has the current stock price factored in all of these issues
WaveTalks
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@vivek1471, I am pure price analyst and don't consider any fundamental as price discounts all factors. So, some key levels I always keep in mind which supports me.
trendizurfriend
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why indigo pilot? you never able to tell until 15 hours ago. Post market analysis is easy with data and anyone can tell
WaveTalks
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@trendizurfriend, So consider it right now - I have pasted a chart as well picking at 821 & zone was updated 4 months back - just check earlier idea ( part 1- where 1250 - to 820 was suggested )
k314
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Nice one sir. The likelihood of a bounce is very high. Looking forward to buy after a bounce confirmation.
Great call back then. All the Macros(Crude + Rupee) unfavourable, do you think it could go more lower? I think this quarter's results could be the take off upwards(HIGHLY UNLIKELY) or add as a boost for going downwards.
WaveTalks
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@trading-noob, If it goes below 790's then yes I mentioned as "Engine Failure" - in that case yes -it is better - take your safety suits & leave the plane as soon as possible or if that zone 790-815 holds then who knows you could see 1105 & later 1200+