October 3, 2018 / 4:24 AM / in a month

BUZZ-India's Interglobe Aviation breaks support at 810 rupees, may test 698 rupees- Technicals

** Shares of India’s largest airline by market cap Interglobe Aviation Ltd fall as much as 4.3 pct and breaks a support at 810 rupees

** Support at 810 rupees is identified as the 86.4 pct Fibonacci retracement level of the uptrend from Feb. 11, 2016 low to April 20, 2018 high reut.rs/2OvsrHr

** This suggests stock may test the next support at 698.35 rupees, the 100 pct retracement level of the uptrend

** Trend Intensity(TI) indicator rises 2 points to 30, suggests prices are trending downwards

** MACD is negative and below its signal line

** Stock down 33.09 pct this year as of last close, while the broader NSE index up 4.54 pct in the same period (Reporting by Gaurav Dogra)

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