thechama3

FASTEN YOUR SEAT BELTS!!! INDIGO MIGHT LAND SOON!!!

NSE:INDIGO   INTERGLOBE AVIATIO
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Indigo seems to have entered a distribution phase. It enjoyed a stupendous rally on the back of Jetairways going kaput. The Rsi has given confirmation on the weekly charts and it would be wise to book profits on longs. With crude rising the party in Indigo might come to a temporary pause.It might touch levels of 1400 -1332 in the short run. The Fibonacci retracement might be used to see potential levels.
Comment: Good sign of distribution. Exiting positional longs.
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