How to get 25% and more in INDIGO with Simple price action

INDIGO - Swing trade key points

Weekly resistance at 1800 to 1900 levels
Weekly support zones at 700 to 800 levels

Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is
possible for 25% to the levels of 2200

Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video

Day time frame also makes higher lows for that purpose

We will attack this higher leg and will try to extract the maximum out of the stock

Risk to reward is favorable from this point and quite logical as per price action

Risk is 4% ( 1650 would trigger an exit )
Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1
Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around
2200 to 2300 levels

Have a nice trading day
Respect the STOPLOSS and accept what the market gives you
Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet
Thank you and your generous comment will only make this post beautiful :)

TELEGRAM link ( More charts and alerts of all stocks ) - t.me/hashtaghammer

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