Indigo
Indigo may go downResistance at the current level and bearish engulfing may lead to a short term downtrend.
Nifty Outlook for Thursday, 13th August | 50x InvestmentsNifty - Technical Analysis:
Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish.
Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61.
Market - Driving Factors:
Travel and Tourism stocks ended up today after Russia announced progress on a COVID vaccine. IndiGo ended over 10%, Spice Jet over 6%, Indian Hotels 4.61% and EI Hotels almost 2% higher.
Nifty PSU Bank index and Nifty Media index were the biggest gainers today and ended 2.7% and 2.37% in the green respectively. Nifty Pharma was the biggest loser today, ending 1.55% in the red.
Gold continued to slip and has now fallen around 7% in the last 5 days.
Nifty - Outlook for Thursday, 13th August:
There is no clear direction as to where Nifty might head in the short term. More details from Russia and WHO regarding the vaccine might give a direction to markets.
The fall in precious metal prices is an indication that an influx into equity might be occurring soon. This is a positive sign for markets. This coupled with the fact that the USD is expected to weaken puts India in a good position to receive FII investments.
Indigo - Price ActionInterglobe Aviation approves fundraising via QIP; company to raise up to Rs 4,000 cr (From Agencies)
The day candle is suggestive of an upward movement.
Buy above 957 for 965, 975, 980, 990, 1000
INDIGO Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
INDIGO BUY AND SELL LEVELS INDIGO BUY ABOVE 970
TARGET 976, 982, 988, 994
SELL BELOW 950
TARGET 944, 938, 932
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Wings Found in IndigoIndigo has created this pattern with a span of long trading sessions
At a key level
Seems tradable
keep an eye on it traders!
INDIGO may come to even 700 levels, Explained on chart.All explained on charts. If its breaks the channel, then I think it will find next support only at 700-ish levels (or atleast below 750)
Also, I believe, this time it wont stop at 700, will add the all time charts in the comments to support my view.
Go Long: BreakoutFor explanation refer linked idea - I wanted to publish this ASAP so that those following can benefit
Go Long above 1020
INDIGO Inside Bar DOJI BreakoutINDIGO showing recent day candle formed within the previous day candle i.e inside bar.
The price is also near a support zone with the recent day forming a DOJI, so trade the breakout could be in either direction.
Long above 1007.55
Short below 984.45
Target 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Indigo looks bearish below the lineIndigo is on the trend line for breakdown. Can be a sell side below the breakdown.
Indigo: Doji over Doji but on Uptrend (HH&HL)Ideal Long Candidate!
Buy near 1000 for Targets of 1025 with SL at 990.
Indigo : Positional TradesThe stock closed breaking a very critical support level of 990 and closed at 983. It has been on a clear bearish trend over last few days making a bearish marubuzo candle today. However, it has rebounded off this level in the past as well.
Postional Ideas for tomorrow:
Below: 978 - Short for targets of 970, 960 and 950 with SL at 988; can trail SL after T1
Above 1000 - Go Long for 1025 with Sl at 990.
In case of a large gap-down opening below 983 (which is quite probable for tomorrow in my opinion); the short trade targets mentioned above will become supports for going long with Targets of 990 and beyond (trail SL specially if NIFTY is bullish).
Risk takers may want to go long on 990 CE or 1000 CE.
In case of gap-up; short after confirmation of trend using 15 min ORB; targets 990, 985, 978, so on (trailing SL).
INDIGO Swing Trading!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
Request you all to LIKE and COMMENT on views as then I come to know that how much engagement on the post.
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INDIGO Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
INTERGLOBE AVIATION Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
