IXIGO — Trading Ideas on TradingView

A Bounce in Nifty but... In the market, it doesn’t work like — “The market has fallen enough, so now it should go up.” Even worse is putting your money into trades just because you feel that way. Markets fall because of fear, and overcoming fear takes time. In fact, fear often grows stronger before it fades. That’s exactly what is happening right now. So don’t trade with the mindset — “The market has dropped a lot, it should rise now.” Use this time to identify setups that have already broken out and are now giving a retest or have completed one. For now, just build your watchlist. Trade only when you see stopping volume or a pivot low forming. Remember — Markets are driven by people. And people trade based on either Fear or Greed. Their fear has no bottom, and greed has no top. Be patient. I’m sure you will get much better opportunities soon. That said, a bounce can still be expected because the heaviest sector from the last rally — Defence — is now showing mean reversion. Talking about #Nifty, On Friday, it formed a Reversion Candle. Interestingly, seller volume was 40 million lower than Thursday’s candle. A big candle with such low volume usually signals accumulation — which means smart money has started buying. Since it’s earnings season, our focus will remain on the Earnings Pivot strategy. NSE:NIFTY levels: - Support - 24920. Good if consolidate here for 1-2 days. - Resistance: 25150 — above this, strong short covering can push it to 25400 But I doubt if this bounce will be buyable yet because next week is monthly expiry. Bears may close their shorts, so the market might just move up to grab short-side liquidity around 25333. However, if we get a monthly close above 25333, that will be a strong bullish sign. NSE:BANKNIFTY levels: - Support: 55950 - Resistance: 56750 Sector-wise, NSE:CNXPHARMA and NSE:CNXFINANCE are showing traction. Still, I strongly suggest sticking to stocks with Earnings Pivot setups. In this market, that’s the safest strategy. My this week's trades: NSE:IXIGO - BOOKED ON UPPER-CIRCUIT NSE:EIEL - 12% BOOKED NSE:GARUDA - 19.5% BOOKED NSE:DENTA - 18% BOOKED NSE:CUPID - - 23% AND HOLDING NSE:SPORTKING - 16% AND HOLDING That’s all for now. Take care. Have a profitable week ahead.

Nifty may nosedive from here! So that missing piece - closing above 25200 - we lost again. Reason - FIIs are taking out cash from Indian market as per data. Why? Because they sense many big companies might report negative earning - hence index trading is not suitable for them. During Quarterly Earning Season, promoters shift their money from one to another. Mutual funds rebalance their portfolio from weak to stronger. And Institutional Money like FII don't like surprises on their positions. They go with the plan. If I would have been the FII, what I would be doing is - wait for the earnings to announced and then see which companies have given great results and which have their sales increased. Then, after the Earning Season is over, I'll re-position myself with clean charts. Avoid any volatality. Any surprises. So that's why they are doing exactly. Because of that, maybe your setups won't work like they do in usual condition. So if you feel you're getting stuck or Stoloss hitting more than normal, dont be surprised. A good practice would be to stay away from trading for while and let the market settle for a bounce back. However, I'm a professional trader and I need to earn in any market condition. Hence I have strategy for every situation. Me and my students use Earning Pivot to give ourselves an edge against unpredictable market structure during Earning Seasons. So this would be wise to stick to this setup only for a time being. Coming to the market, NSE:NIFTY has given a Supply candle today with sellers outnumbering buyers by 93 million volume. Now if 25000 is broken we can see a deeper cut in the index. Maybe near 24750. However, the immediate support is at 24980. Resistance now at 25155. If we get a bounce to this, we can build a short position. Yeah, from now on market might turn on Sell-on-Rise mode. NSE:BANKNIFTY short term support formed at 56050. Resistance 56965. Many IPO stocks are showing good strength with bullish structure. Hence I will be focusing there. Today I traded just one stock and also given here to all of you and that hit Upper Circuit. Remember it was from IPO sector. Name is GETTEX:NSE :#IXIGO. Traded NSE:ANANDRATHI as Intraday and got 4% upside in that as well. So overall the day ended in positive note for our community. Cheers on that! That would be all for today. Take care. Have a profitable day ahead.

IXIGO : Breakout candidate (swing pick)#IXIGO #chartpatterntrading #flagpattern #breakoutstock #Chartpatternbreakout IXIGO : Swing Trade >> Long Range Consolidation Breakout Soon >> Flag pattern breakout >> Good Strength in stock >> Recent Volume buildup is good >> Good Upside Potential Swing Traders can lock profit at 10% and keep trailing. Disc : Stock charts shared are for Learning purpose, not a Trade recommendation. Consult a SEBI Registered Advisor before taking position in it.

IXIGO cmp 150 by Daily Chart view since listed IXIGO cmp 150 by Daily Chart view since listed - Support Zone 146 to 152 Price Band - 1st Resistance Zone 163 to 168 Price Band - 2nd Resistance Zone at 175 to 182 Price Band - Volumes increase is needed for Resistance Zones Breakout - Rising Support Trendline has been respected except for today flip dip - Two Falling Resistance Trendlines Breakout sustained and 3rd trendline breakout attempted

IXIGO: Strong Institutional Accumulation Near Listing Price – Bu Stock: IXIGO Analysis: IXIGO's stock has recently tested its listing price and bounced back, showing signs of renewed buying interest. The bounce is supported by high volume activity, indicating a potential reversal. Institutional investors appear to be gradually increasing their stake, even as retailers exit the stock: FII/FPI Holdings: Increased from 58.18% to 59.83% in the Sep 2024 quarter. MF Schemes: Increased from 5 to 8 in the same period. Overall Institutional Holdings: Rose from 68.12% to 68.33%, reflecting sustained confidence. The company’s strong financials further bolster the bullish outlook, making it an attractive candidate for a potential recovery. Technical Setup: Bounce Zone: Near listing price with strong support. Volume: High activity during bounce indicates accumulation. Institutional Confidence: Gradual stake increase supports bullish sentiment. Trade Plan: Entry: CMP ₹144 or on confirmation of a sustained move above recent resistance. Target: Short-term resistance levels at ₹155 and ₹165. Stop Loss: Below ₹138 to manage risk. Note: Institutional accumulation, combined with a recovery from listing price, positions IXIGO as a promising reversal trade for both short-term and long-term investors.