Chetan_Kumar_Anjan

Indigo will be Rocket Not Aeroplane !!!

Long
NSE:INDIGO   INTERGLOBE AVIATIO
The stock tested upper trend line 4 times until now ,
it is taking long term support trend line from october 29.

Buy if it breaks the trendline.
Looking good for Intraday sessions.
Trade closed: target reached: Market crashed and now again regained and took breakout and made high of 1710+

Comments

I have 2 1750 ce options bought at 33.60 31st dec expiry. Can I hold for next week?
+3 Reply
@Gary0876 I'm expecting a breakout in 2-3 trading days, my suggestion is always take positions in cash. It will not have any decay impacts.
+1 Reply
@Chetan_Kumar_Anjan 2 - 3 trading sessions.
Reply
SMITKALP Gary0876
@Gary0876 I think you enter at correct time and CNBC target can be achieve in next 2-3 trading session.
Reply
Gary0876 SMITKALP
@SMITKALP, bro its dropping. Should I exit?
Reply
SMITKALP Gary0876
@Gary0876 Just saw inverted hammer in charts, which shows bulls are back and stock is ready for up move.
Reply
mancho786 Gary0876
@Gary0876, yes you will hold both position.As per chart first resistance is 1695 and if it hold then it will reach 1725..At that time your stop loss will be 1725 and hold position till expiry.
Reply
Yes @Chetan_Kumar_Anjan as a matter of fact it is very near to 0.618 fibo retracement as well + repetitive RSI bullish reversal divergence, guessing will make near double bottom and shoot.
+2 Reply
@Maverick_777 I follow fibonacci but not RSI 😅
+1 Reply
Maverick_777 Chetan_Kumar_Anjan
@Chetan_Kumar_Anjan, yeah! RSI bullish reversal is sometimes deceptive...
Reply
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