Head 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...
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.
There is strong resistance of 2051, stock two times rejected from this level.
Indigo share break the resistance and then now it is in the correction mode.
So for tomorrow you can buy this trade once it goes above 2051, for the target of 2140.
Note: There is also a news that domestic airlines will be restart from Monday so we can see this news effect on this...
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 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
#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.
After 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...
AT A VERY IMP RESISTANCE ZONE. IF IT CROSSES THESE LEVELS WITH VOLUMES WE CAN SEE IMMEDIATE TARGETS OF 1785. Any positive news regarding the lockdown can also help this stock move up but remember news will come later this stock will move up before that.
Indigo 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.
Stock looks strong above current levels and can head higher towards 1720/1750/1770 in coming trading sessions as long as 1640 is not breached on a closing basis.
All ideas shared are for educational purposes.