INTERGLOBE AVIATION-UP FOR SWING TRADEInterGlobe Aviation: CMP:4469; RSI: 69.62
As per Elliot wave analysis, Inter Globe Aviation has completed primary wave-4 formation @ 3780 and motive wave-5 is in its initial phase of expansion. Confirmation of the same will be evident when script give close above 4885 levels on closing basis. A swing trade is poised in the near future with a upside of 15-20%.
Call For Aggressive traders
Buy Zone: 4400-4500
Stop Loss: 4300
Resistance Zone: 4772-4885
Target 1: 5125; Target 2: 5400
Call For long term Investor
Buy above: 4900
Target: 6400 (1 year time frame)
Stop Loss: 4300
Indigoanalysis
Volatility Contraction Pattern | Indigo Paints✅The Volatility Contraction Pattern (VCP) is a price pattern that indicates a potential breakout.
✅How it works:- A stock's price volatility contracts before a significant price movement, which can result in explosive upward momentum.
💡 Indigo Paints Overview
1️⃣Short-Term Outlook
👉Caution Advised: Current indicators suggest short-term caution for investors .
👉Diwali Impact: Potential boost during the festive season as paint stocks typically gain interest
👉Sector Sentiment: Positive investor sentiment in the paint sector may support demand .
2️⃣Recent Performance
👉Stock High: Reached a 52-week high of ₹1,649.1 on October 21, 2024 .
👉Earnings Report: Strong revenue growth, but EPS missed analyst expectations .
👉Insider Activity: Recent share sales by executives raise concerns .
👉Market Position: Stock increased by 5.28%, outperforming the sector .
3️⃣Long-Term Investment Analysis
⭕️Positive Factors:⭕️
Revenue Growth: Increased 18.47% YoY, indicating strong sales
EPS Improvement: Up 12.59% YoY, showing profitability growth
✅Concerns:
✍️Market Underperformance: Stock returned 16.2% over the past year, below the Sensex's 21.4%
✍️ROCE Decline: Latest ROCE at 23.65%, suggesting potential efficiency issues
📌 Conclusion
Indigo Paints has growth potential due to revenue and EPS increases, but investors should remain cautious about market performance and ROCE trends.
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Indigo Paints cmp 1654.15 by Weekly Chart since listed*Indigo Paints cmp 1654.15 by Weekly Chart since listed*
- Resistance Zone 1640 to 1680 soon to be Support Zone subject to Breakout made
- Weekly basis Support at 1501 > 1351 > 1174 with Resistance at 1770 > 1905 > 2050
- Back to Back repeat Bullish Rounding Bottoms with the current Resistance Zone and soon to act as Support Zone
- Traded Volumes are needed to sustain Breakout attempt over the Resistance Zone soon to be acting as Support Zone
- Price sustaining well above Falling Resistance Trendline and attempting Breakout above Resistance Zone soon to be Support Zone
Possible H&S pattern formation in Indigo - daily chartLooking at the price action of Indigo chart on the daily time frame, there is a possibility of Head and Shoulder pattern being formed. This is just an analysis looking at the price trend. The pattern is yet to appear on the charts.
Call it my obsession with H&S pattern, I see it everywhere. These days, even before it is formed. Let's see what the future has in store...
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
IS INDIGO GOING TO BREAK THE SUPPORT TREND LINE?Indigo has already taken support multiple times from this line and it was acting as a strong acceptance zone.
If Indigo breaks the support and starts trading below 1770 we may see marked lower targets on the chart.
In case it takes support again upper marked targets can be seen in coming trading sessions.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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.
-------------------------------------
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.
Breakout possible in INDIGO as per weekly chartA good weekly resistance may be broken in INDIGO which can give us further up move towards 2400+ levels.
Weekly Volume is good as well as RSI is around 69 which gives us possibility of further upwards move for some more time.
Once can take a BUY above current levels with SL below 2248.
Broadening Wedge Pattern in INDIGO projected 2370+ targetIn 30 minutes time frame,
INDIGO showing consolidation zone and creating broadening wedge pattern. Currently it's trading near the support level of this pattern. So most chances there have a reversal from this support level. There have 2 possible entry's in this stock as below:
1) Reversal Entry:-
Can take entry near support level with targets upto the resistance level. Possible it will face resistance level near 2260(nearly 100+ points). For this trade can place stop loss below support level. Also, Can hold this trade with trailing stop loss for breakout entry.
2) Breakout Entry:-
Once this stock reached it's resistance level there have chances of breakout. Once this gives breakout can go long for target of 2370+ with stop loss below resistance level.
Disclaimer:
Consider this post as an education purpose. Before taking any trade always consult with your financial advisor. All mentioned patterns and levels are based on probability and previous history. Don't consider it as a surely. Always trade with risk management.