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Indigo

Possible Channel Breakout in IndigoNotes: Indigo has been trading in a channel since the 10th of November 2020 (1500-1790) possibly due to COVID and the near term outlook of the industry being a factor. However, since the last week of April, its been in a steady uptrend, and is now back at the top of the channel (1785-1830 almost a 2.5% zone) Owing to the long consolidation period and the fact that second wave is more or less under control, we could see Indigo testing previous high of 1900 in the coming sessions if the zone is broken. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
NSE:INDIGOLong
by the_consolidation_guy
INDIGO - Consolidation Continue or Breakout? Where to takeoff ?It has been observed that the price action is consolidating for last 6 months between the range of 300 points from 1500 to 1800 levels. Flight 01 (Up) Investors who want to enter in the stock can wait for a breakout above 1800 levels on daily chart with good volumes in order to confirm the up trend in the stock. In my opinion, the company needs some positives news to support the breakout that could be "Foreign countries open up for Indian travelers" "India's recovery from Covid19" "Rate-cut in fuel pricing" I believe it may take another 2-3 months to hear such good news, therefore price action will keep consolidating for a while. Boarding: Once price action breaks above 1800, next destination 2000 levels. Flight 02 (Down) A correction can be seen from current levels as the price action is at previous resistance zone where previous sellers will again offload their holdings and increase supply in the market. It may further take down the price action to around 1600 levels. Some of the bad news hovering around the stock that may push the price action further down. "Fuel cost went up" "Net loss widens" "Third Wave may come" "Restrictions on travelling" Until we see improvement in next quarter results, I believe price action may still continues to consolidate. Boarding: Below 1720, Destination 1670 & 1620, SL - 1770 I shall be updating the stock direction and targets once I notice clear breakouts on either side. For now, keep it handy in your trade watch list. Appreciate your time, Regards
NSE:INDIGO
by NeeteshJain
1
▰ Stock of the Month #3: INGIDO ▰▰ Stock of The Month #3: JUNE ▰ 📌 I have found 15 new patterns on the charts. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns. ☆ I will post the remaining patterns one by one every month. For more, you can check out my previous studies 😍 as well. Kindly see my announcement section for all the latest. ▣ Key Highlights: ➟ Time frame Weekly ₩ ➟ W pattern ⓦ ➟ Trend line ⍩ ➟ Flag Pattern 🎌 ➟ Unique Confluence Ⓤ 📌 Levels are: Entry: ▲ 1818 SL: ☢ 1717 Target: ➚ 2121 RR: ☈ 1:3 Return: 17%+ ☆ Follow me @ tradingview for more updates. Kindly like the chart 💗 & share this analysis. ☆ Thank you. Happy Trading!!! Best Regards, 𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧 𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮. ✮ Disclaimer ✮ -------------------------------------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. --------------------------------------------------------
NSE:INDIGOLong
by Profitable_Traders
5
INDIGO : HIGH BETA SCRIPTNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading.
NSE:INDIGO
by SENSITRADE_T