mklives

indigo .. hard landing ahead??

Short
mklives Updated   
NSE:INDIGO   INTERGLOBE AVIATIO
INDIGO.. closed with a big red candle just below the 100 dma/ the 20 dma has crossed below the 100 dma already.
RSI showing big divergence. the sharp move from 1300s looks like more pullback.
any rebounds can be used t short he stock for bigger downside.. for target of 1400
Trade closed manually:
almost tested 1400 and rebounded

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