Trend is your friend, Indigo.InterGlobe Aviation LtdNSE:INDIGOdrivenbydataThe greatest ally of a technical trader is the trend of the market. When the markets fail to give us higher highs, it is prudent not to make any long positions to preserve capital. On 4H chart we can see a downward parallel channel with a potential breakout possibility. With the price near a resistance zone and no relief in headwinds for the company, it is advisable to go short on Indigo for a favourable risk:reward. Entry: 3905 Target: 3895 Target2: Lower end of the channel. SL: 4417