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...
***** 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...
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 .
Disclaimer: It should not be assumed...