Indigo
Long term prospective for #Indigo #NiftyIndigo,
Once breaks 866 levels will be heading for 800/693 level which happens to be a long term support.
Once 693 is lost i expect Indigo to head for 446 and lower targets.
INDIGO levels for 11-Mar-2020(Intraday)In good Bullish sign from last few days
Buy Above 1240 for 1250,1270,1320
Sell Below 1200 for 1190,1170,1120
Critical Zone- 1200-1240(sideways)
Follow us to get more views on your requested stocks & learn technicals
*All views for Educational purpose, Trade at your own risk
Indigo has corrected a lot and it's time to keep an eye on stockIndigo has corrected almost 30 % and now it seems to approaching towards the circle area on the Gann fan and 0.5 Fibonacci entrancement level. Don't be in hurry to buy but be in wait and watch mode. In the next 2 months once the effect of Corona virus is done with, being a market leader it will be in the position to take advantage of lower oil prices. However, it's not a short-term trade but those who have medium term view, they can start buying on dips and accumulating.
If you are patient enough to hold for an year, this can give good return.
INDIGO DETAILED VIEW FOR MONDAY- SHARK PATTERNFOLLOW AND WHITE LINE STOP LOSS ON CANDLE CLOSING BASIS
TRADE AT YOUR OWN RISK
Indigo more to come. !!!! Need to check. Still bullish but a retest to levels may come.
1430/1410 levels.
twitter - @TheSachinJain
telegram - @Tradingbud
spicejet
aviation
“Set your heart on doing good. Do it over and over again, and you will be filled with joy.”
– Buddha
IndigoLong term Support turned to Resistance.
Going into the secondary narrow gradually reducing channel.
