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Published on 18/06/2020 3:24:54 PM | Source: HDFC Securities

Momentum Pick - Buy InterGlobe Aviation Ltd For Target Rs. 1085 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Aviation Sector #HDFC Securities #Trading Report #InterGlobe Aviation Ltd

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Momentum Pick - Buy InterGlobe Aviation Ltd For Target Rs. 1085 -  HDFC Securities

Observation:

* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

 

Buy INDIGO Ltd Up to 7 days CMP 1021.35 Target 1085 SL 974

 

 

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