Indigo Cmp 1790 dated 28.5.2021
1. Strong resistance @ 1795.
2. More than 6 months consolidation break out
also above 1795.
3. Comfortable cross above 1795 stock will have
tgt of 1850-1900 SL 1735
On Monday i.e on 31st Indigo earnings there so play coutiously.
For long tgt of 2070 SL 1675
It is just a view, pls trade at your own risk.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
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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...
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...