Looking 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...
1) the zone is very crucial in short term
2) as price reaches to these zone the volume starts to pick up
3) crude prices are stable
4) I am slightly bullish but concerned over the rising covid cases in the globe.
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...
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...
WEAKNESS BELOW 1900
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
A 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.
In 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...
There is strong resistance of 2051, stock two times rejected from this level.
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Indigo share break the resistance and then now it is in the correction mode.
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So for tomorrow you can buy this trade once it goes above 2051, for the target of 2140.
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Note: There is also a news that domestic airlines will be restart from Monday so we can see this news effect on this...
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...
🔴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...
Target:- 2128
Stoploss:- 1841
Stock has already touch the support line, take support and going upward. This is clear indication of short term bull run. So we can take long position there.
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TECHNICAL ANALYSIS OF NSE:INDIGOPNTS
The LAST CLOSE PRICE of NSE: INDIGOPNTS is 2564.95. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 2605.1. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07,...
![INDIGO: Simple Trade Setup | INDIGO | 28-12-2021 [INTRADAY]](https://s3.tradingview.com/q/qhXYWPiU_mid.png "Simple Trade Setup | INDIGO | 28-12-2021 [INTRADAY]")
![INDIGO: Simple Trade Setup | INDIGO | 29-09-2021 [INTRADAY]](https://s3.tradingview.com/e/EUUxa5Sl_mid.png "Simple Trade Setup | INDIGO | 29-09-2021 [INTRADAY]")
