INDIGO broke trendline and has retested from below and has got rejected for now..
also it has broken above the falling trendline connecting from previous short term highs
right now it is the middle zone zone of both the trendlines.
see chart for info
move below 1550 can increase selling pressure on the stock.it has run from 700 to 1600s..
NIfty has been breaking supports without any rebound.. 11000 zone is a strong support of previous top of the rally from where it started and also 200 dma and also the trendline..
the fall is pretty vertical. it should have a rebound around the 11000 10960 zones..
but will it?