Indigo- Careful At Tops 1745 (Wave Analysis)

Next impulse may have started downside - if correct. Stock can fall to 1325 from where thrust started upside on 11th Nov2020

Holding below 1745 - Expect 1325 (Target 1)

Trade active: Nifty Update

Last - 13217 / 11:32 Hrs / 4th Dec 2020

13225 - 13250 Zone Important Zone. If Index Halts below 13250 then we expect fall to 13100 / below 13100 for 12990-13000 zone

Next Buying Only Above 13250 if crosses upside
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle


Sir Why not look for Longs in Indigo since Price Volume Action on Weekly TimeFrame is Bullish and even RSI hit 70+ (Since Covid fears gone, now Covid Hit stocks should reclaim their former highs). This market environment is Highly Bullish (just like how Tata Steel Tops idea failed miserably), why go against the Higher Timeframe Trend?
+2 Reply
T_Harth T_Harth
@T_Harth, Rather instead as long as 1500 holds, one should be on the Long side for a Potential Upside to reclaim former highs of 1898
T_Harth T_Harth
@T_Harth, I hope people could benefit from my comment and avoided shorting Indigo. Just follow the Trend. Works better than forecasting since Elliot Wave counts are also quite subjective and tricky. Alternate counts exist and count fitting is what ppl do to fixate a bull or bear view
Indigo gap up on Monday after that profit booking
+1 Reply
Vishalz Vishalz
@Vishalz high 1768 low 1720
L lag gaye after shorting
+1 Reply
Thank you sir.
+1 Reply
I have 2 lot 1750 ce bought today at 33.50
Will it move up from today's closing level?
Today sold 1742 next tgt 1720/1700/1680 sl 1765
Is the view still valid? can we short at 1745 ?
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