The_RedTicker

INDIGO may come to even 700 levels, Explained on chart.

NSE:INDIGO   INTERGLOBE AVIATIO
All explained on charts. If its breaks the channel, then I think it will find next support only at 700-ish levels (or atleast below 750)

Also, I believe, this time it wont stop at 700, will add the all time charts in the comments to support my view.
Comment: I don't think this Broadening pattern on all time charts is a bullish sign. Nevertheless what happens at 700-ish levels will be crucial. I would expect a short term double bottom at the levels (in a span of few weeks), If at all it has to rise up again.

Would opt to rather be late for this party, then being early and getting stuck.

Comments

today tgt 900 mark my point!!
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962 now super Analysis Dude..thanks
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