INDIGO to DUMP on Earnings!
Attached: Daily Live Chart 24th Jan 2025
- Price below POC Volume Profile, 20 DSMA & Chandelier Stop
- Sideways consolidation waiting to DUMP
- Larger Bear Flag + Super Bearish HNS🐻🔨📉
- Price also below Ichimoku Cloud
Sub 4000 to 3750, to 3500 downside target🎯
Downside can stretch all the way to 3200 to 3000🎯 as well as Price would trade below the 200 Day EMA and the Worst Price Declines happen below the 200 day moving average!
And another Bearish Fundamental note is:
In last 6 months, promoter holding in the company has decreased by 6.02% and they are the largest holders of the stock while DIIs (Mutual Fund) holding has been continuously increasing meaning mean Smart Money dumping/ Change of Hands
- Price below POC Volume Profile, 20 DSMA & Chandelier Stop
- Sideways consolidation waiting to DUMP
- Larger Bear Flag + Super Bearish HNS🐻🔨📉
- Price also below Ichimoku Cloud
Sub 4000 to 3750, to 3500 downside target🎯
Downside can stretch all the way to 3200 to 3000🎯 as well as Price would trade below the 200 Day EMA and the Worst Price Declines happen below the 200 day moving average!
And another Bearish Fundamental note is:
In last 6 months, promoter holding in the company has decreased by 6.02% and they are the largest holders of the stock while DIIs (Mutual Fund) holding has been continuously increasing meaning mean Smart Money dumping/ Change of Hands
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.