InterGlobe Aviation539448Airlines
Sachidanand of Trade Bulls recommended building fresh long positions in Indigo
- Neckline level
- 5030
- Rally target
- 5220
- Stop loss
- 4930
Heard on Live TV News Channel between 10:38:12 - 10:41:12 IST.
- Noted consolidation after a long decline, with an inverse head and shoulder formation having a neckline near 5030.
- Said the 50-day exponential moving average also sits around that level, and daily RSI showed positive divergence.
- Expects a short squeeze as 5,000 call writers get on the back foot, targeting a rally towards 5220.
- Recommended building fresh long positions with a stop loss at 4930 on closing basis.
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Source: Live TV News Channel · 1 Oct 2026
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