AkshayKudchi

INDIGO CHART ANALYSIS

Short
NSE:INDIGO   INTERGLOBE AVIATIO
Hello Everyone,

Happy Sunday! Hope you all are ready for tomorrow :)

As we all know, the lockdown is extended till 17th May 2020, and this is going to put all the plans on hold for aviation sector. Additionally, looking at the Indigo chart pattern, I find it bearish as it isn't breaking 1080 target from long time now.

Here are my targets:

If it breaks 981 below, then go for 950 as the first target
If it continues to break 950 then go for long 915
My third target would be 885, if it breaks 915 too

I'm sure, tomorrow we'll see selling coming in Indigo and tomorrow itself, we can see the target hitting of 915.

Thanks,
Akshay
Trade closed: target reached: Happy to see that my predicted 2 targets have hit..on the way to hit the 3rd target