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INTERGLOBE AVIATION LTDINTERGLOBE AVIATION LTDINTERGLOBE AVIATION LTD

INTERGLOBE AVIATION LTD

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INDIGO trade ideas

INTERGLOBE AVIATION - Symmetrical triangle pattern!INTERGLOBE AVIATION #INDIGO has formed a symmetrical triangle pattern on 30mins chart. It is gradually moving forward in an upward channel and is facing resistance from 100EMA. RSI is taking resistance from 60-level. TT2 30MINS trend is Bullish. If the price gives a breakout with volume and conviction, the next resistance is 1033/1039/1048 with Support 994. If the price falls down from the pattern, the next support is 994/983 on the 30 mins chart. Nearby resistance is 200EMA. KEEP AN EYE!! ***in case of GAP opening, the given levels become invalid. ***this is my personal view. Please take advice from your financial advisor before investing.
NSE:INDIGO
by Garey_Singh
1
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).
NSE:INDIGO
by raj_rishav