Repeatedly hitting resistance line (resistance line getting weak).
Notes: 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...
Date: 06 June 2021 Very poor results from Indigo Airlines Look for shorting the stock. All targets and SL is given in the chart
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...
Hello guys i had find this setup which is in sideways trend and had given a good selling opportunity in 4h timeframe lit is a swing trade with good RR ratio you can go for sell when it break trendline and also i had done some fundamental analysis on it that i had give the bad quarter result and i request you all do your own analysis before taking any position in...
Indigo closed strong near the Neckline of C&H patttern. Accumulating in a range since Dec 2020. Good for short-term view if holds on above 1800 level in coming trading sessions.
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The flight is neither landed nor reached the skies for the last 6 months and now it is ready to fly high hopefully. :)
AT A VERY IMP RESISTANCE ZONE. IF IT CROSSES THESE LEVELS WITH VOLUMES WE CAN SEE IMMEDIATE TARGETS OF 1785. Any positive news regarding the lockdown can also help this stock move up but remember news will come later this stock will move up before that.
After a long consolidation for almost 6 months , finally the stock has given a breakout of the triangular structure. Assuming wave (e) completed around 1655 , Indigo is ready to give an upthrust out of the bullish triangular wave. One should buy the stock on cmp and add on dips (if any), maintain the SL of 1655 which is the area of wave(e) and look for the...
Note: 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...
chanel pattern breakout. SL- swing lower Target- near all time high
Indigo BO waiting above 1685 1705,1735 & 1780 can be possible SL after entering above 1685 is 1655