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.
Indigoanalysis
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.
INDIGO TRADE SETUP FOR TOMORROWThere 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 share.
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So we can see the gap up or good momentum in the morning and after the 12 maybe stock will do consolidation.
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What's your view on this comment below in the box
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
INDIGOPNTS: A Bullish Trend"
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, SUPPORT 2 at 2530.89 with RESISTANCE 1 and RESISTANCE 2 at 2621.4 and 2656.65 respectively. The Key 50% FIBONACCI LEVEL stands at 2595.7 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 50.81 and 49.34 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 13.44 and 6.67 at 14.15 alongwith HISTOGRAM showing valus of -0.72, the STATUS is clearly BUY CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.6 and -0.31 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.4585 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, howver the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at which signifies its Price Level to be .
>>> RECOMMENDATION is : BUY."
✈🛫🛬 indigo NSE:INDIGO
wait for conformation what ever side it give breakout that side it will go . trade with stop loss as per your trading strategy.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
How to get 25% and more in INDIGO with Simple price action INDIGO - Swing trade key points
Weekly resistance at 1800 to 1900 levels
Weekly support zones at 700 to 800 levels
Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is
possible for 25% to the levels of 2200
Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video
Day time frame also makes higher lows for that purpose
We will attack this higher leg and will try to extract the maximum out of the stock
Risk to reward is favorable from this point and quite logical as per price action
Risk is 4% ( 1650 would trigger an exit )
Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1
Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around
2200 to 2300 levels
Have a nice trading day
Respect the STOPLOSS and accept what the market gives you
Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet
Thank you and your generous comment will only make this post beautiful :)
INDIGO: Bullish Triangle BreakoutAfter 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 target of 1880/1960/2020
Indigo Airlines Showing re-testIndigo Airlines after breaking away from the trendline is showing a retest. If it sustains, it can break the triangle to move upwards for a target of 2000.
If the retest fails, it will remain outside the trend line with bears taking control of the trend. For time being, watch and enter when opportunity strikes.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.