Resistance at the current level and bearish engulfing may lead to a short term downtrend.
Short indigo below 1140 TGT 1135-1130-1128 SL 1151
Buy in Dip at 990 for 1100-1250 sl 925. Buy above 1057 sl 1017 TGT 1105
Nifty - Technical Analysis: Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish. Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61. Market - Driving Factors: Travel and Tourism stocks...
Buy above 945 TGT 951-955-958 SL 933
Interglobe Aviation approves fundraising via QIP; company to raise up to Rs 4,000 cr (From Agencies) The day candle is suggestive of an upward movement. Buy above 957 for 965, 975, 980, 990, 1000
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Buy Indigo above 918 TGT 924-930-935 SL 898
INDIGO BUY ABOVE 970 TARGET 976, 982, 988, 994 SELL BELOW 950 TARGET 944, 938, 932 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Indigo has created this pattern with a span of long trading sessions At a key level Seems tradable keep an eye on it traders!
All explained on charts. If its breaks the channel, then I think it will find next support only at 700-ish levels (or atleast below 750) Also, I believe, this time it wont stop at 700, will add the all time charts in the comments to support my view.
For explanation refer linked idea - I wanted to publish this ASAP so that those following can benefit Go Long above 1020
INDIGO showing recent day candle formed within the previous day candle i.e inside bar. The price is also near a support zone with the recent day forming a DOJI, so trade the breakout could be in either direction. Long above 1007.55 Short below 984.45 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Indigo is on the trend line for breakdown. Can be a sell side below the breakdown.
Ideal Long Candidate! Buy near 1000 for Targets of 1025 with SL at 990.
Indigo seems bullish moving from demand zone buy above - 1020 Target - 1050
The stock closed breaking a very critical support level of 990 and closed at 983. It has been on a clear bearish trend over last few days making a bearish marubuzo candle today. However, it has rebounded off this level in the past as well. Postional Ideas for tomorrow: Below: 978 - Short for targets of 970, 960 and 950 with SL at 988; can trail SL after T1 Above...