INTERGLOBE AVIATION-UP FOR SWING TRADE

InterGlobe Aviation: CMP:4469; RSI: 69.62

As per Elliot wave analysis, Inter Globe Aviation has completed primary wave-4 formation @ 3780 and motive wave-5 is in its initial phase of expansion. Confirmation of the same will be evident when script give close above 4885 levels on closing basis. A swing trade is poised in the near future with a upside of 15-20%.

Call For Aggressive traders
  • Buy Zone: 4400-4500
  • Stop Loss: 4300
  • Resistance Zone: 4772-4885
  • Target 1: 5125; Target 2: 5400


Call For long term Investor
  • Buy above: 4900
  • Target: 6400 (1 year time frame)
  • Stop Loss: 4300
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