Indigo will be Rocket Not Aeroplane !!! Long

INTERGLOBE AVIATIONSE

Description

⋅ Dec 18, 2020 8:48 AM

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

⋅ Dec 31, 2020 6:43 AM

Market crashed and now again regained and took breakout and made high of 1710+

Comments

Gary0876

⋅ Dec 18, 2020 11:51 AM

I have 2 1750 ce options bought at 33.60 31st dec expiry. Can I hold for next week?

Chetan_Kumar_Anjan

⋅ Dec 18, 2020 3:23 PM

@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.

Chetan_Kumar_Anjan

⋅ Dec 18, 2020 3:24 PM

@Chetan_Kumar_Anjan 2 - 3 trading sessions.

SMITKALP

⋅ Dec 19, 2020 7:07 AM

@Gary0876 I think you enter at correct time and CNBC target can be achieve in next 2-3 trading session.

Gary0876

⋅ Dec 21, 2020 8:00 AM

@SMITKALP, bro its dropping. Should I exit?

SMITKALP

⋅ Dec 19, 2020 7:09 AM

@Gary0876 Just saw inverted hammer in charts, which shows bulls are back and stock is ready for up move.

mancho786

⋅ Dec 19, 2020 11:55 AM

@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.

Maverick_777

⋅ Dec 18, 2020 11:20 AM

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.

Chetan_Kumar_Anjan

⋅ Dec 18, 2020 3:20 PM

@Maverick_777 I follow fibonacci but not RSI 😅

Maverick_777

⋅ Dec 18, 2020 4:13 PM

@Chetan_Kumar_Anjan, yeah! RSI bullish reversal is sometimes deceptive...