Indigo
INDIGO - Bullish BreakoutThe stock has broken out of the parallel channel. We can look at targets of 2055 if the trend sustains.
Tread cautiously as the RSI is in the overbought territory, hence the trend can reverse. Buy only if the stock sustains the levels of 1900.
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Indigo - Expecting More than 100% returns🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Trade setup For IndigoNSE:INDIGO
Watch out Indigo
Keep in watchlist as it has come to a strong trending support levels
Support from any of the levels will lead to a good Up side
It is a Good Quality stock and is at very good valuation and pricing
Investors can accumulate this stock, as we all know Global Pandemic will not last forever and today or tomorrow
Aviation industries would bounce back and we must not miss such good quality stock to buy on dips
Rest Deatils can be Known from the chart
Indigo potential long opportunityNSE:INDIGO
Hello all!
There is a pole and flag pattern forming in Indigo. The stock has been consolidating inside the flag since November 2020.
I see a long opportunity here and there are two major reasons for that. The first being pure price action i.e the stock being at the bottom of the flag. The second being that the stock is taking support from its 50 week EMA.
The targets can be set at the top flag trendline and can be pushed further to the top of the upper channel if the stock breaks out. Also, the Reward to Risk ratio is decent.
Would love to hear your thoughts on this!!
HAPPY TRADING!!
*NOT A CALL*
✈🛫🛬 indigo NSE:INDIGO
wait for conformation what ever side it give breakout that side it will go . trade with stop loss as per your trading strategy.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.