Indigo has broken through life highs and moving towards 2500 plus. This template can help you both if you are long as well as if you are thinking of buying now. Or more imp - if you are long and Indigo corrects by 5-10% (which it def will on its way higher)
What sparked the rally in Indigo? Bearish sentiment, Go Air or crude oil - and why its imp to understand that
Now that one is long (assuming) what to do when the stock pulls back to the 21 EMA (2200 odd)
What are catalysts that sparked this rally - Why is the street so bearish on it? And does their bearishness help or hinder the rally?
Looking at regional airlines like Qantas, Singapore performance in this quarter
Airlines businesses are always called the million-are makers - You start as a billionaire and destroy enough wealth to become a millionare. (is that true?)
All comments and criticisms are welcome!
ملاحظة
Okay - half way there - now at 2500. Again nothing to be done. Recently when i went to Mumbai from Delhi return the ticket was 21,000! So am just gonna try to get some of my ticket fare back by buying Indigo stock!
ملاحظة
Today promoters sold stake and the stock tanked 2%. This is nothing exceptional and should recover in due course of time. In fact, if it reaches 2350 - that would be the 21 EMA and a good spot to buy the stock with a target of 2700+
ملاحظة
Will be looking to exit at a small profit if it breaks 2350 - it is better to take a small profit and get back in later when the stock settles down. Set alert at 2350 and watch this closely
أغلقت الصفقة: تم الوصول لوقف الخسارة
Stock is still positive - but reacting badly to the stock sale news. Will exit at breakeven and look to get in sometime once the stock settles down
تم فتح الصفقة
Indigo got back to highs and shaken off the news of the stake sale. Will look to add back at 21 EMA - thats around 2360
تم فتح الصفقة
Stay in this trade - Relative strength is great relative to Nifty and 2900-3000 likely before the next reults
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