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...
Hello guys i had find this setup which is in sideways trend and had given a good selling opportunity in 4h timeframe lit is a swing trade with good RR ratio you can go for sell when it break trendline and also i had done some fundamental analysis on it that i had give the bad quarter result and i request you all do your own analysis before taking any position in...
I hope you can now see how Indigo represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed...
![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]")
