Broke support today which it should recoup immediately (1400 level) to break the bearish trend. In its down trend support exists around 1130-1190 depending on its rate of fall, if it happens at all.
Follow on twitter/telegram @piyushrawtani for live trading ideas.
INDIGO facing multiple resistance at current level and broke from triangle to downside.Can sell at CMP or pullback with SL1550 for target 1385 in coming days.
FALLING WEDGE PATTERN IS SEEN LET IT CLOSE BELOW LOWER TRENDLINE ON CLOSING BASIS IN 15 MINUTE CANDLE TARGET IS GIVEN STOPLOSS MAY BE FALLING TRENDLINE ON CLOSING BASIS
NOTE: TRADE AT YOUR OWN RISK
Key Levels for INDIGO are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~1405.30
First Target~ 1415
Interim Resistance~1438
Final Resistance~1453
**Lower Levels**
Lower Breakout~ 1375
First Target~1368
Interim Support~1353
Final Support~1340
Please trade with caution and consult your financial adviser before trading. You can also join...
It broke 200ma and tried to trade over 200ma. But got rejected thrice. the first target is 1300.
1400 pe @35-37 is looking attractive.
Disclaimer- This my personal view, please consult your financial advisor before investing.
Interglobe Aviation Limited is engaged in the provision of passenger services. The Company is engaged in the business of providing domestic and international scheduled air transport services under the name of IndiGo. The Company's segments include Domestic, which provides air transportation within India, and International, which provides air transportation outside India. The Company operates on a low-cost carrier (LCC) business model. The Company has a fleet size of approximately 110 aircrafts. The Company offers flights to over 30 cities in India and approximately five cities internationally, including Bangkok, Dubai, Kathmandu, Muscat and Singapore.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
INDIGO
