Big Movers on D-Street: What should investors do with IndiGo, Divi's Labs & Vodafone Idea?

economictimes.indiatimes.com:

Stocks that were in focus include names like IndiGo, which fell 3.57%, Divi's Labs, which declined 0.55%, and Vodafone Idea, whose shares dropped 2.48% on Wednesday.Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today:IndiGo — SellA gap down opening on the daily chart with huge volume along with the stock breaking below the important zone of 2,470-2,510 turns the momentum bearish. The momentum indicators MACD and 14-period RSI are also facing resistance at their moving average on every uptick. The stock seems to be getting weaker as supply is exceeding demand.

Hence, we recommend to sell at CMP and around 2,510 for targets of 2,400 and 2,320 with a stop loss above 2,555.Divi's Labs — BuyChart analysis suggests the stock is getting ready for outperformance after the downtrend of almost 2 years. Now, it has started making higher highs and lows on weekly charts, suggesting the uptrend has started. The breakout on the relative strength chart compared to Nifty50 index complements the price action.

We recommend buying at CMP and towards 3,650 for targets of 3,800 and 3,920 with a stop loss below 3,590.Vodafone Idea — SellThe stock is trading in a small uptrend on weekly charts. However, for the first time in the last 4 months, the stock is trading below its last 3 weeks' low, which is a bearish sign. Short-term moving averages are getting sideways which is a sign of exhaustion in uptrend.