Value High is good to sell this stock 1372 below for targets 1287(Control Price 2) and Weekly chart 1210.
Target 1210 if the price sustain below 1360
As per the weekly chart, Buy INDIGO for targets 1480 nearby only if price close 1350 +
Param ount Underline is st ronger resistance and price can fall that why don't you...
NSE:INDIGO is forming good Base and Crossing 1395 will be Good Buy for Target of 1600 with SL1300.
My Analysis point of view is for Swing Trade based on Delivery stock.
Why Bases Form
A base visually represents a great stock’s need to take a break. After a nice run-up in price, preferably 30% or more, such a stock will decline – in most cases, mildly. This...
Intra and Swing Setup: Looks good to enter when it breaks out of the box around or above 1380 with strict SL of 1350 for the target of 1430/1480.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
I hope you can now see how Indigo represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...