Jha_Nidhi

INDIGO near the CONSOLIDATION BREAKDOWN

Long
Jha_Nidhi Updated   
NSE:INDIGO   INTERGLOBE AVIATIO
The price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound.
Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
Comment:


#INDIGO 👉1910 To 1990 New High
Comment:

#INDIGO Made New High of 2087+✅

👉2nd Target done @2055 ✔️

👉1910------> 2087+

One way rally after long consolidation breakout and hit the 2nd Target as expected ✔️
Comment:

#INDIGO Made New High of 2236+ After Big Up ✅

👉 3rd & 4th Target done @2100 & @2150✔️

👉1910------> 2236+✔️

👉 Today price Open at the Higher note after big gap and massive one way bull rally seen in the price.
Trade closed: target reached
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