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Plastiblends: Technical Analysis at its best How much loud and clear does one want the chart to be.... This is what we had posted on 26th June 2017 Retest of breakout zone and up again on confirmation... This is what the chart observations were indicating and that is exactly how it panned out...retest of breakout line and zoomed all the way up above 600+. We have plotted the chart on a 15 minute time frame and one can notice how the stock reversed exactly from the support line... That's the beauty of technical analysis... You identify the levels beforehand and keep yourself ready and when those levels come decision making and trading becomes much simpler ... Hope those who were following were able to make the most of it... Cheers and happy trading...
NSE:PLASTIBLEN
by indiamarketoutlook
Spicejet: U r beautiful...U r beautiful... its true......I saw ur face in a crowded place.... One of my personal favorites from long term investment point of view Even from Fundamental perspective the stock has a great story... - Railway tickets are getting costlier - Fuel cost is under control That augurs well for the airline sector and Spicejet has positioned itself well to take advantage of the current situation. There is a great potential of travellers who will be willing to shift from AC train travel to Airline travel... The story will continue to hold good till the time travelling by air will be looked as a normal thing rather than a luxury. And till the time crude prices in international market is below $65-$70 mark the situation will benefit the Airline sector... ON technical front the stock is forming a pole and flag pattern Look for buying on any dips towards 113-105 range or on breakout of the flag pattern... Targets are open from long term perspective as I believe the story is still in nascent stage and still a long way to go... A potential multi-bagger even from current levels... Do drop in your views... Take care & happy investing...!!!
BSE:SPICEJETLong
by indiamarketoutlook
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