In daily and 30 min chart, Indigo has shown a consolidation of COI . Which clears, if it breaks either side and stands then it might give a multi-range target.
Please check the chart where I have provided a short-term multi-range target. Another side of the wall of the Quant box will be the Stop Loss.
The traders can plan their trade with derivative products...
Verdict:
1) Multiple attempts to break support level @ 74097
2) Thursday (12th July) candle failed to breakout resistance
with high volume, means SELLERS might be active & profit
booking is likely scenario (since current trend is sideways)
3) OI is decreasing with high number of contracts traded
(From historical data, traders might have added...
