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...
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...
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.
![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]")
