📊 Details
Interglobe Aviation Ltd (Indigo) is India’s largest passenger airline operating as a low-cost carrier. Serving 86 destinations including 24 international destinations, it provides passengers with a simple, unbundled product, fulfilling its singular brand promise of providing “low fares, on-time flights, and a courteous and hassle-free service” to its...
Indigo : 2600 CE Buy or Equity for swing Buy. Target 2742. SL 2561. CMP: 2617 (Buy only after price crossing above 2645, you may place limit order) Holding period max 3 days after entry. Educational purpose only.
Indigo spot cmp 2620
weekly time frame
Harmonic study
Bearish butterfly pattern formation
PRZ in range 2620-2650
Price rejection is observed at weekly high levels,
high price of last week and current week are almost same,
Till we dont get any breakout above this levels, counter have probability to retrace,
bulls need to be cautious at the moment,,
keep watch
Indigo looking weak, Sell around 2390 with SL above 2500 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Indigo has broken through life highs and moving towards 2500 plus. This template can help you both if you are long as well as if you are thinking of buying now. Or more imp - if you are long and Indigo corrects by 5-10% (which it def will on its way higher)
What sparked the rally in Indigo? Bearish sentiment, Go Air or crude oil - and why its imp to understand...
Many stocks have rallied hard after good results in indian markets
Indigo has been in a trading range for close to 2 years without any major triggers
Results, fundamental outlook in terms of crude and travel could be key catalysts
Take a small position before results and a full position right after results if they are good
If results are not great, can...
Weekly chart of INDIGO seems like a bounce from a strong support trendline. The candle of 31st March is a strong bullish marubozu candle.
Looks good for an upmove.
Trade as per your own analysis.
NSE:GRANULES
Stocks to keep on the radar for this week
1. Granules
2. Apollo tyers
3. Pvr
4. Indus tower
5. Bata india
6. Indigo
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
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indigo
bearish gartley on weekly chart ,
on daily chart running between range in channel which act as flag and pole with runway gap (mean 1:1 target )
sell indigo below 1848 add more 1920 if get only
closing sl 1945 above
target 1720-1680-1515(close below weekly 200 ema @1679 )
Indigo after a crash landing looks like is ready to take off again for a good flight upside. It has given a Inside candle breakout today on closing basis with a good base formation for around 2 weeks. Looks like a good setup for now to go long. Keep in radar.
Indigo 1900CE trading above both vwap & avwap levels and possibility of trapping these sellers
Indigo may take support from 1861 can give some uptrend.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment...
