Indigo
My PredictiveEngine's Intraday call(27-Mar) - INDIGO - LongBased on my PredictiveSystem's signals, tomorrow (27-Mar) its going to be a huge GREEN candle for NSE:INDIGO
Buy above: 1285.6
Target-1: 1295.2
Target-2: 1302.1
Target-3: 1309.4
Stop loss: 1276.4
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Broadening Top (Megaphone) Pattern BreakoutThe stock has nicely formed Broadening Top (Megaphone) Pattern and gave the breakout today. It has also broken the medium term resistance of 1274. Although it is trading above another resistance of 1330 but still a threat on the onward journey. One can use the setup to go long by providing a SL of 1310 on closing basis.
Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
Indigo - All set to DetourIt has been observed on the daily chart that the price action continuously dips down for last one week and now in last two trading session, we have noticed a turnaround in price action which is a signal of a bounce back or a detouring of price action as buyers take over the pilot cabin. Now, a positive movement can be seen to 1100 levels if the price action closes above previous candle close.
T1-1100
T2-1140
SL- 1120
INDIGO Weekly Lower levels does attract some value buying and this stock can be considered for a lower level buying opportunity. As the price treads into the support zone around the 6 month low and also combining at these levels are the lower channel of the downsloping Pitchfork that has arrested the prices and producing a rebound. One can look at this stock for some long opportunity in the coming days as prospects oa move towards 1125 are very much on the cards.