Indigo- Channel has to be broken for downside move 1290

Last Price- 1365 / 10:39 Hrs / 14th Oct2020

Trading Strategy


Plan A
Holding above the channel & above 1355 - stock can attempt upside of 1395/1400 levels but traders have be careful at the tops once upside target is reached


Plan B
Once channel is broken & stock falls below 1355- that will confirm that short term down move has started for 1290 & lower levels

Trade active:

13:23 Hrs / 14th Oct2020

Last Price- 1328

Plan B - Activated -----------Falling Below 1355 Levels as suggested in the update above
Channel Broken for Indigo Stock