INDIGO has been on its own flight path up with occasional massive or 2 corrections. thought the stock has hit 52 week and all time high, 1750 1760 seems to be major resistance zone as shown.
as per your weekly chart it should come 1200-1150 around from the level in few weeks
brijeshb30
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@ashokakbari, it's 30% downside as per your post,why it will go so much down? What's your stop-loss???
ashokakbari
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@brijeshb30, there is divergence in weekly RSI and weekly its at top (given sign of down 1300 previous swing) its coming up side to give another entry for short... each and evey time frame all scripts give 2 chance of short and long. .. btw it has rights to go 1780-90 also as per weekly chart.. we can keep stoploss 1801 if trading on weekly chart. (we can not trade on that much big time frame) as per 1H chart it should come 1660 around sl 1760 this is also risky... for short we should find the scripts which already running in down trend not up.