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.
NSE:INDIGO
#INDIGO 2140 CE level shared and bagged good profits.
Potential target and SL mentioned on chart for reference.
Check other levels shared !!
Happy Trading !!
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...
INDIGO broke out of its 1900 ATH zone last week. The price then pulled back to 1900 and has exhibited continuation pattern today. Fresh longs may be initiated for the continuation trade in the direction of the breakout.
🔴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...
INDIGO looks bullish, has been in a consolidation for a long time, it broke darvis box, now trading above major resistances looks good for a positional trade, entry 1965, stop loss 1746, first target 2294
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 stock is expecting to take support from the current level. entry above 1685 Target 1780 SL 1655. RSI forming positive divergences. this is for your educational purpose only.
![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]")
