Indigo will be Rocket Not Aeroplane !!! for NSE:INDIGO by Chetan_Kumar_Anjan

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trendanalysis chartpattern fundamental indigo long intraday nifty50 banknifty daytrade technical_analysis reliance

The stock tested upper trend line 4 times until now ,
it is taking long term support trend line from october 29.

Buy if it breaks the trendline.
Looking good for Intraday sessions.

Trade closed: target reached: Market crashed and now again regained and took breakout and made high of 1710+

Comments

I have 2 1750 ce options bought at 33.60 31st dec expiry. Can I hold for next week?

Gary0876

@Gary0876 I'm expecting a breakout in 2-3 trading days, my suggestion is always take positions in cash. It will not have any decay impacts.

Gary0876

@Chetan_Kumar_Anjan 2 - 3 trading sessions.

Gary0876

@Gary0876 I think you enter at correct time and CNBC target can be achieve in next 2-3 trading session.

SMITKALP

@SMITKALP, bro its dropping. Should I exit?

Gary0876

@Gary0876 Just saw inverted hammer in charts, which shows bulls are back and stock is ready for up move.

Gary0876

@Gary0876, yes you will hold both position.As per chart first resistance is 1695 and if it hold then it will reach 1725..At that time your stop loss will be 1725 and hold position till expiry.

Yes @Chetan_Kumar_Anjan as a matter of fact it is very near to 0.618 fibo retracement as well + repetitive RSI bullish reversal divergence, guessing will make near double bottom and shoot.

Maverick_777

@Maverick_777 I follow fibonacci but not RSI 😅

Chetan_Kumar_Anjan

@Chetan_Kumar_Anjan, yeah! RSI bullish reversal is sometimes deceptive...