Indigo - Price Action

Interglobe Aviation approves fundraising via QIP; company to raise up to Rs 4,000 cr (From Agencies)

The day candle is suggestive of an upward movement.

Buy above 957 for 965, 975, 980, 990, 1000

Comment:

1000 is the 50DSMA - is the nearest MA for an acceptable QIP floor price

Trade closed: stop reached

Comment:

Should have stuck to my philosophy of not taking up Gap Openings

Trade active:

Will re-enter with Options if it sustains 940

Order cancelled

Trade active

Comment:

TSL set to 1000, Buy triggered at 950

Comment:

TSL updated to 1020

Trade closed: target reached:

TSL hit at 1040