Indigo
INDIGO CASE STUDYIndigo 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 Airlines : Positive news, good results & bearish analystsIndigo 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 that
Now that one is long (assuming) what to do when the stock pulls back to the 21 EMA (2200 odd)
What are catalysts that sparked this rally - Why is the street so bearish on it? And does their bearishness help or hinder the rally?
Looking at regional airlines like Qantas, Singapore performance in this quarter
Airlines businesses are always called the million-are makers - You start as a billionaire and destroy enough wealth to become a millionare. (is that true?)
All comments and criticisms are welcome!
Indigo Airlines - Launch on results towards 3000
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 still exit at a small loss
Expect this stock to go closer to 3000 in 3-6 months and hence this is a positional stock buy. Can also sell some put credit spreads close to results on elevated implied vols
STOCKS TO KEEP ON RADAR FOR INTRADAY + SWING 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.
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Happy Trading!
Indigo 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 go uptrend 9-1-2023Indigo 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 box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
INDIGO - Breakout after a year of consolidation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis