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raj_rishav
Aug 10, 2020 2:25 PM

Indigo - Price Action Long

INTERGLOBE AVIATIONSE

Description

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
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