INDIGO - Ready to Fly Again
Date: 24-Dec-2024
LTP: Rs. 4,612.25
Targets: (T1) Rs. 4,788 --> (T2) Rs. 5,035 --> (T3) Rs. 5,780
SL: Rs. 4,193
Technical View:
•
INDIGO is in strong primary uptrend and was recently going through secondary downtrend within primary uptrend.
• After touching a high of 5,035 on 12-Sep-2024,INDIGO has retraced 24% to 3,830 level.
•INDIGO has given breakout from it's secondary downtrend with higher than average volume on 24-Dec-2024.
•INDIGO is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has also crossed over 50 DEMA.
• RSI is trading at 69.15 and MACD is trading at 58.13.
• Ready to fly again. Fasten your seat belt.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
LTP: Rs. 4,612.25
Targets: (T1) Rs. 4,788 --> (T2) Rs. 5,035 --> (T3) Rs. 5,780
SL: Rs. 4,193
Technical View:
•
INDIGO is in strong primary uptrend and was recently going through secondary downtrend within primary uptrend.• After touching a high of 5,035 on 12-Sep-2024,
INDIGO has retraced 24% to 3,830 level.•
INDIGO has given breakout from it's secondary downtrend with higher than average volume on 24-Dec-2024.•
INDIGO is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has also crossed over 50 DEMA.• RSI is trading at 69.15 and MACD is trading at 58.13.
• Ready to fly again. Fasten your seat belt.
Liked the analysis? Boost/Like this idea and follow my ID for more ideas.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Disclaimer
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