TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then short.
The Indigo stock has been facing major resistance at its lifetime high level of 1716 after the formation of a double top pattern in a weekly time frame chart. This pattern is supported by the RSI indicator, which is consistently descending from the overbought region and is currently below the downtrend resistance line. Hence, the stock is likely to come under...
Indigo has very well behaved in between these support and resistance, recently it got rejected by 1623 resistance line and forming long shadow candle (pointing to reversal).
Open Short Target 1460, SL1650 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
Please, take a second and support my effort by hitting the...
Indigo on chart looks week. it is near its make and break line of 1000(Psychological price). if break can go to 950. if sustain can see bounce back to 1050. will see for 2 more days.
learning analysis. Please do not take seriously.
It has been observed on the daily chart that the price action continuously dips down for last one week and now in last two trading session, we have noticed a turnaround in price action which is a signal of a bounce back or a detouring of price action as buyers take over the pilot cabin. Now, a positive movement can be seen to 1100 levels if the price action closes...
Interglobe Aviation :: Close above 1348(with better than average volumes) could give a good appreciation. Keep a watch with a Stop at 1268 (2*ATR) and Targets at 1500,1900(Long Term) and beyond.
It is been observed that the price action is breaking above the resistance zone and indicating a further upward move ahead.
Target1: 1310
Target 2: 1325
Stoploss: 1280
Currently in Bullish MACD crossover with decent volumes. Seems to have entered a temporary sideways zone after decent rally. Note that there is good support zone formed between 1103 and 1108 which can be used for SL depending on risk appetite. Take targets anywhere between 1130 and 1138. Not ruling out an upward breakout here but typically sideways movements...
InterGlobe Aviation Ltd. engages in air transportation services. The company activities include the transportation of passengers, cargo, and mail on regularly scheduled flights and the provision of car rental, airport lounge, visa information, and insurance services. The company was founded on January 13, 2004 and is headquartered in Gurgaon, India.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
INDIGO
