Indigoairlines
Indigo 14.2.22INDIGO : LONG 14.2.22
Analysis :
1. Price : HH/HL, near ATH
2. Pattern : W
3. Volume : rising
4. Momentum : GFS
5. Volatility : 15m squeeze opening
6. Trend : bullish (Price and RSI)
7. Trend Strength : +DI / rising
8. Time analysis : nearing full moon 16.2.22 (crossing ATH possible)
Trade Setup : (1HR Chart, Intraday)
CMP : 2265
Entry : 2285
Stop : 2244 (ma)
Points : 41
Target : 2380
Points : 95
RR (P/L) : 95:41 = 2.3:1
Max Loss : 9000
Possible investment scenarios :
CASH :
Number of shares : 220
Investment : 502700
Max Profit : 20,900
Max Loss : 9020
FUTURES : (1Lot only)
Number of shares : 250
Investment : 1,42,000
Max Profit : 23,750
Max Loss : 10,250
Pyramiding (Futures) : Convert to BTST trade from Intraday
In futures you can take 3 lots if you have 5L capital.
1st lot : 2285, SL = 2244
2nd lot : once SL is above 2285
3rd lot : once SL(MA) crosses SL of 2nd lot
Trail SL if prices crosses final target of 2380, this is All Time High
Simple Trade Setup | INDIGO | 28-12-2021 [INTRADAY]NSE:INDIGO
Observations:
1) On 1 day time frame, after taking support and making bullish move from 200DMA, today it closed above 100DMA.
100DMA is placed on 1970.19 level. This will now work as support.
Please refer below chart : 1 day Time Frame.
2) Also on 1 day time frame, we can see that is forming double bottom pattern and if it sustain above the neckline which is above 2025 level range then it will be bullish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 28-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INDIGO | 29-09-2021 [INTRADAY]NSE:INDIGO
Observations:
1) On Daily Time Frame, we can see that it just closed above 21DMA which is placed at 2018.05 level on daily time frame.
Also it took support from 1985 and closed just at 2023 level. 1985 to 2023 level is very critical zone.
It can bounce back to be bullish from here if it holds above it and takes support from here, otherwise breakdown on this range will make it bearish.
Please refer below chart : Daily Time Frame.
2) On 15 min time frame, we can see the signal of bullish divergence as price is making lower lows while RSI is making higher lows. So if it sustain above 1985-2023 level range then there is good chance for up move.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 29-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
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