I have changed my view from Long prospective to short , pattern is getting changed where i was expecting an bounce turn out to be an pause
Well we have to adopt change in the volatility as change in the perception
One can look for short sell set up , again i am requesting , Kindly enter with your methods of entry and exit , as few DM have come where to...
Any reversal on daily one can look for going long , its Going to go up ,
The patience is key for earnings , have patience along with trailing the stop on daily low basis , You will enjoy this Gain
Good luck
IF BREAKS ABOVE 1410 BUY WITH TARGETS OF 1420, 1430 AND SL BELOW 1400.
IF BREAKS BELOW 1395 SELL WITH TARGET 1385 AND SL 1405.]
TELEGRAM @The Capitalist
t.me
1) Unable to sustain above 200EMA and broke down
2) Retested and rejected again from 200EA
3) Multiple rejection patterns on lower time frame
Its now offering very good risk to reward ration of 1:6
With crude beginning to cool off dramatically and indian aviation with an approx utilisation of over 85%. The top airlines are increasing capacity and input costs are going down.
Indigo has bounced off a key fibo level.
Long at CMP. SL below 1328. If you are in it position and long term then SL goes deeper below the yellow support zone.
InterGlobe Aviation Ltd. engages in air transportation services. The company activities include the transportation of passengers, cargo, and mail on regularly scheduled flights and the provision of car rental, airport lounge, visa information, and insurance services. The company was founded on January 13, 2004 and is headquartered in Gurgaon, India.
INDIGO
