In the Weekly Chart of INDIGO , we can see that, it has shown a recovery in W Pattern. Let it retest and then enter with SL.
From 16TH feb it is consolidating in a tight range. Fridays strong buying from bottom given 5% momentum.
NSE:INDIGO DOWTREND in indigo below 1866 we cant think bullishness of the stock, it will touch 1811 downside level drawn in the chart by fibonacci lvl. dont buy indigo for short term. below 1811 it will more bearish.
trade base on support & resistance theory . Bullish side trend Entry price :- 2069 Stop lose :- 1920 Target 1 :- 2218 Target 2 :- 2367 Bearish side trend Entry point :- 1739 Stop lose :- 1815 Target 1 :- 1663 Target 2 :- 1587
INDIGO- Trade set up idea 💡 Breakout of trendline with retracement on daily chart CMP 2040 Resistance 2065 TGT 2080-2280-2380 Sl at 1960 for short term and 1890 for long term Can be a confirm trade above 2100 Note : Not a recommendation but just a idea 💡 can be a profitable trade .. do your own research and analysis before investing
Currently following "Channel Pattern", got multiple rejection at the resistance level. If the trendline breaks, it can reach the bottom level of the channel.
agggrerssive trade, i was not looking the whole pic from daily and weekly charts...just saw a type1 15 min supply and placed the trade
Reson for short a) Bearish flag and consolidation b) Short possible at 2PM c) non over lapping candle d) high volume and price drop SL compulsory
IndiGo looking weak on chart . Rising wedge Chart pattern This is Just for the education purpose
Picked the stock from StockEdge sector rotation. Uptrend from August 2020 to Nov 2021. Then formed a Falling Wedge with W pattern. Second bottom lower than first bottom. Buy was triggered on 1st August 2022. But it was a long bar. Formed a cup from August to January 2023 Price now 5.4% away from 9 Week moving average for a target 14 % to 20%. Risk to reward...
The inverse head and shoulders chart is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end.
INDIGO BREAKOUT after long time indigo give good breakout it touches 2400 level the aviation sector will good potential due budget
the cup and handle formed at the important levels and the rally started;
Indigo on the verge of breaking out of flag pattern on 30 min TF with decent volumes. Could be bought here or above 2120 with mentioned stoploss & target.
Formed cup and handle at the important levels and chart also looking good and expect to perform good
Strong resistance of 2085 level has broken today and stock closed today at 2107....Cup Pattern formation made from Aug.2022 which was broken today and stock coming in new territory....stock will going upside by 2172,2200 levels....
Indigo on the verge of taking off out of triangle pattern with decent volumes on 30 min TF. Could be bought with mentioned stoploss & target.
( INDIGO ) Interglobal Aviation may be can go up after long sideways zone and the target price will be 2,101 🎯 Note : This is just for Backtesting and Educational Purpose Only.