INDIGO (Interglobe Aviation Ltd) BUY ABOVE 1650INDIGO (Interglobe Aviation Ltd) BUY ABOVE 1650
Rising triangle respecting the trendline, if it crosses the level, it may further go up for the target of 1700-1725-1750 respectively.
Indigo
Indigo short till 1554 if coming down to 1576Indigo could make a retracement and our target is 1554
Watch if indigo comes down to 1576, then can short
INDIGO SHORT SELL INDIGO LOOKS TO SLIDE LOOKING AT CURRENT MARKET SCENARIO AND STOCK AT 52 WEEK HIGH ZONES , MAY COOL OFF FROM HERE !
Indigo Long Bias (Trend)Indigo is taking support at its swing low. The trend is upward. Though RSI is showing Class B Bearish divergence, I have a long bias as the trend is up and because of the Indian Election favourable exit poll.
Indigo, signed for BreakOut.The following all the sign of down break out but the price is still in the channel.
Gap has been seen in the value area.
The price spike also still in the channel.
Volume raised with price fall.
The Gap has been seen, and spike with raised volume which very important for a trader. If this is down breaking out, the price can still 100 points to 148 points.
The important question is for a trader that, WHERE SHOULD I SHORT THIS STOC K IF its down breakout?
Short idea is not risky if your trade is near the stoplossThis is small channel that is not reliably in a bigger channel's comparing, yet value high " DOJI " is important to short this stock.
FASTEN YOUR SEAT BELTS!!! INDIGO MIGHT LAND SOON!!!Indigo seems to have entered a distribution phase. It enjoyed a stupendous rally on the back of Jetairways going kaput. The Rsi has given confirmation on the weekly charts and it would be wise to book profits on longs. With crude rising the party in Indigo might come to a temporary pause.It might touch levels of 1400 -1332 in the short run. The Fibonacci retracement might be used to see potential levels.
Next 'Flight' heading towards 1590Levels mentioned on the chart.
- Animesh Vashisht
(This is only my opinion not financial advice)
deeply, Price Action evolated on INDIGO with the targetsSELL INDIGO 1426-1429 and stoploss mentioned in chart
Below are option trade data 1400 strike PUT:
BUY INGIGO put 32-33 with stoploss Rs.30 and targets 40-44 and 47-52
INDIGO REFUSING TO GO DOWNINDIGO following upper channel, making HH & HL.
Bears refusing to go down, bulls are ready to take charge.
KEEP IN WATCHLIST !!!
Short INDIGO if it crosses below 1230 - end of 5th waveEnd of 5th wave,
short if crosses below 1230
TGT 1 - 1180
TGT 2 - 1123
SL - 1340
