Nykaa 1. Lower High lower Low Structure 2. This week broke previous support @ 162.50 levels 3. Trading in Un-charted territory 4. Further support can be derived with the help of Fibonacci. 5. Plotted Fibonacci Extension connecting swing high of 428.95 and 315.45 and swing low of 203.15. 6. Fibonacci giving us the next support @ 89.65, which is 38% below the...
Airlines are not doing well still despite a bunch of propping up by various institutions. These earnings are going to be absolute garbage and the broader market is also gonna tank too. I expect a rally to the 44-45 range with a likely rebound Monday in the broader market. After this, there is nothing holding airlines up for the foreseeable future. What bullish...
The price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels. To continue weakness, should sustain below 1900 levels. Immediate resistance is around 1860 The trend change level is 1900. In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in...