nileshgr

nileshgr Updated 

Rounding bottom formation spotted in spicejet

nileshgr

Looks like the correct value on 6 feb based on previous bull angle of 29 degrees has been reached. Also 78% retracement has happened. 100% retracement of the sudden bull at 52 degrees can happen before it resumes. Or if the bear continues further, support may be at 38.20% of the long term bull at 9923.

nileshgr Updated 

Rounding bottom formation has happened (see linked idea). I think we can wait for price to cool down to 1967 - fibonacci retracement wrt to the bull run RSI levels have crossed the overbought zone (70).

nileshgr

Based on trend angle analysis and fibnoacci retracement, it seems there is still more room for correction.

nileshgr

Looks like it will rise, but not very clear.

nileshgr Updated 

It seems there's a rounding bottom formation and there's a break off the 200 day EMA

nileshgr

If you consider the rise since 8 December 2017, at curren price of 2165 it's almost 23.6% retracement. RSI has touched 70.

nileshgr

It's formed reverse H&S pattern and there's a rising pattern. Related idea link : target 180 - I agree with the same. Stoploss 124.76 (61% retracement)