klsreeja21

INDIGO down and under but is bears really ready to hijack it.

Short
NSE:INDIGO   INTERGLOBE AVIATIO
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2
Indigo in weekly is showing a Sign of weeks with ABC pullback and over&under head cut pattern. The pattern itself is not confirmed and will get confirmed only below 1236.
Currently if 1347 is defended in indigo by bears then storm is coming in Indigo.
Objective is 938 with time of hold till 16-april atleast.

Aggressive setup: Short on CMP with sl 1347 target 1022/938
Conservative setup: short below 1236 sl 1347 target 1022/938
Time of hold: atleast till 16april max target 938 or below by 9july


It’s better to be safe than sorry so i prefer conservative setup.
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