BUY INDIGO CMP: 1113.8 TGT: 1138 SL: 1103 (INTRADAY 7/6/17)

Panjang

INTERGLOBE AVIATION LIMITED (BSE:INDIGO)

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BSE:INDIGO INTERGLOBE AVIATION LIMITED

Currently in Bullish MACD crossover with decent volumes. Seems to have entered a temporary sideways zone after decent rally. Note that there is good support zone formed between 1103 and 1108 which can be used for SL depending on risk appetite. Take targets anywhere between 1130 and 1138. Not ruling out an upward breakout here but typically sideways movements require discipline with high probability of success.

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You may start exiting depending on risk appetite. First target reached of 1130

Penafian

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