LONG MARKET LEADER INDIGO TARGET 2261 STOP LOSS 1700-1650
Indigo shareholders may have overreacted during the promoters' feud. The stock has held up in a tough market.
Interglobe Aviation Limited ( INDIGO ) - ITS CURRENTLY TRADING IN THE SUPPLY ZONE . " NO POINT OF GOING LONG UNTILL AND UNLESS IT CLOSES ABOVE 1716 " FOR NOW,IF IT CLOSES BELOW 1679.25 , IT CAN TOUCH 1666, 1659,1650. 1650-1640 WILL BE A STRONG SUPPORT ZONE .
taking 21EMA support after strong upmove and retracement so we can take this as good opportunity for going long. good risk reward ratio
1.below 21 EMA 2. pin near support 3.bearish. note - it posted very good result respect risk
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buy if holds 1550 levels, RSI shows strength for this levels. Buy range : 1550-1560 target : 1680 , 1800, 1850.
Indigo - Long for short term
Sell on levels. it is preparing for down side. positional can hold with sl of 1700 for target of 1594
#Indigo may post good result as per chart and now stock if break 1,640 level and sustain above breakout we can see upside toward 1,700-1,730 level according to chart and if not able to break we can see 1,580-1,550 level as per chart.
RSI Bearish Div. Price couldn't break resistance for further upmove. Price closed below short term trendline support with larger volume Sell Below 1465 SL: 1582 DCB Target: 1231
RSI Bearish Div. Price couldn't break resistance for further upmove. Price closed below the short term trendline support with larger volume. Sell Below 1465 SL: 1582 DCB Target: 1231
Indigo Has given good breakout above 1450 on daily chart.Enter near 1450-1470 for 1:2.85 risk reward ratio.