Interglobe
Indigo : Positional TradesThe stock closed breaking a very critical support level of 990 and closed at 983. It has been on a clear bearish trend over last few days making a bearish marubuzo candle today. However, it has rebounded off this level in the past as well.
Postional Ideas for tomorrow:
Below: 978 - Short for targets of 970, 960 and 950 with SL at 988; can trail SL after T1
Above 1000 - Go Long for 1025 with Sl at 990.
In case of a large gap-down opening below 983 (which is quite probable for tomorrow in my opinion); the short trade targets mentioned above will become supports for going long with Targets of 990 and beyond (trail SL specially if NIFTY is bullish).
Risk takers may want to go long on 990 CE or 1000 CE.
In case of gap-up; short after confirmation of trend using 15 min ORB; targets 990, 985, 978, so on (trailing SL).
Buy Interglobe Aviation - Long Term DeliveryAs the price of Interglobe Aviation has been significantly corrected, I think it’s a golden time to buy the stock at current levels.
My idea to buy the stock is for only investment and not for trading purpose. Invest only if you can hold the stock for a minimum period of 3-5 years.
As far as fundamentals are concerned Interglobe Aviation have strong fundamentals as it is the market leader in Aviation sector.
Good news will follow when aviation fuel come under the GST regime.
While RSI indicator shows that the stock is oversold and hammer pattern plus Bullish Engulfing pattern has already been created a sharp upside in the short term is expected and will continue to rise in long term with consolidation in between.
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Indigo International Expansion - Expecting Bullish MovementIndiGo will operate a daily non-stop flight between Bengaluru and Hong Kong, which will be airline's 15th international destination, from December 11.
As the Business expansion is coming into the picture, more investors will participate in the coming days.
Expecting a bullish movement till 1000 - 1100 levels in the coming days / months.
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