INDIGO - Interglobe Aviation Ltd. - Break Out OpportunityDate : 5-Oct-2023
Rating : Buy
LTP : Rs. 2473.40
Target : Rs. 2745++
Exit Plan : Follow the 7D/13D EMA cross down on closing basis.
NSE:INDIGO has given a break out from its current short term down trend with high volume. Has closed above 20D MA. 7D EMA has crossed 13D EMA. RSI is above 50 and MACD has crossed over the signal line. All these indicates that NSE:INDIGO is ready to fly and further up move will be seen with a possibility of new lifetime high.
NSE:INDIGO can also be looked from long term perspective with a horizon of 3/5 years. Also time to accumulate more if already going long in this.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Interglobe
Simple Trade Setup | INDIGO | 28-12-2021 [INTRADAY]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 the neckline which is above 2025 level range then it will be bullish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 28-12-2021
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 respective level considering how price action works near that level.
Interglobe Aviation ShortHead and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its baseline. In this case we can expect an approximate of 15% fall in the prices if such a breakout is to happen.
Keep an eye out as the pattern is still incomplete. This graph is only for educational purposes; invest at your own risk.
Stoploss: 2055
Target: 1650
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.
Breakout in Interglobe Aviation...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
InterglobeAviation : potential breakout #interglobeaviation potential breakout
pre pandemic resistance hit .watch out for a potential breakout.
also looks like an inverse head and shoulder pattern on weekly though not perfect looking.
bullish momentum and trend seen on all timeframes. Could plan long
if a green close appear above resistance with stop loss below it.
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 : Looking forward to enter into positionIndigo Airlines is a market leader in Airline sector in India. Currently the price is in a channel. Looking forward to buy the stock if it touches the bottom channel line again in the coming days and will be targeting a profit of about 20%. If price crashes, then will be adding on to the position only if it falls to the bottom of the ascending channel.
INDIGO: ALGO SELL/BUY SIGNAL PERFORMANCEHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)