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Interglobe Aviation Ltd

BUY 28 APR 4500 PUT Interglobe Aviation Ltd Entry Range 33 - 37 Target Range 82 Stop Loss 10

Rationale

* On the weekly chart INDIGO remains under pressure, trading below the key moving averages of 50-WEMA and 100- WEMA, indicating a weakening primary trend and lack of strong buying interest at higher levels.

* From the technical prospective recent price action shows lower highs formation, suggesting sustained distribution. Recent pullbacks are failing near resistance zones, highlighting selling on every rise.

* 14-Day RSI is hovering near the 40 mark, reflecting weak momentum and absence of bullish strength, which keeps downside risk intact.

* MACD histogram trades in negative territory with a bearish crossover, signalling continuation of downward momentum. If the prices sustains below the 4700 mark, further decline towards 4300–4200 zone is likely in the near. term.

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SEBI Registration number is INZ00017433