If the resistance line is crossed then next target is 17.95 and if crossed, next one is at 20.90, support being at 13.80
The stock is maintaining 2/1 angle as support and remains bullish unless it falls below the said line. We can see 50% rise in price in near term till the next resistance (at~50) if bullishness continues.
Circuit revised? Rs.18/- may be touched tomorrow
Last week the stock could not cross 4/1 resistance. It is hoped that it will be able to cross 158.70 on closing basis on monday, to move further up.
A minor obstacle exits at 620-625 range, which f it is crossed, then the stock is clear for the week. Support at 610.
A comparative stock performance weekly chart for Inddian listed aviation companies viz., Indigo, Jet an Spicejet.
Next week range 1065-1195. Support of ascending 1/2 angle exists at 965.
Range 4300-4650. Support of ascending angle 1/2 is at 4025, which is unlikely to be broken.
An important descending was crossed this week. Expected to move up to 480 before it meets resistance
The steep rise in the stock price tells that the stock is ultra bullish in its current trend. Please watch out for a level of 74.50 which if is crossed, then more rise can be seen up to 100 without hindrance in this run up.
If the 1/1 descending line is crossed on closing basis next target is 223 in short term. Medium term target 270.
Support at 14.55, short term target is 19.10
After reaching 939 in December 2017, the stock has moved down consistently to level of 333 on in Mid July 2018. Since then the stock has started upward movement and has crossed ½ descending angle two days ago and yesterday closed 487.75. Next target in short term is 540.
Today it rebounded from 2/1 resistance line. We do not know if it will consolidate or break out. It is better to watch 2 to 3 days to see if it crosses 2/1 resistance line convincingly.
Venky's coul not cross resistance and closed lower. Likely to cross and cose above 3205 on monday. Next target 3950.
A beautiful W formed between support and resistance. It is likely to break out of resistance at 815 today. If it manages to hold 815 for couple of days, 1225 can be seen in medium term.