Indigo has broken through life highs and moving towards 2500 plus. This template can help you both if you are long as well as if you are thinking of buying now. Or more imp - if you are long and Indigo corrects by 5-10% (which it def will on its way higher)
What sparked the rally in Indigo? Bearish sentiment, Go Air or crude oil - and why its imp to understand...
NOTE:
Today Date 07.02.2022
Why Indigo stock selected for Intraday trade?????
How Indigo stock Given 9.91% returns in Intraday??
1.Stock open above CPR & Break the previous day high and R1 Level.
2.Narrow CPR Range
3.MA 20,50 Crossover and above MA200 Support
4.RSI Crossover & VOLUMES increased .
INDIGO - Swing trade key points
Weekly resistance at 1800 to 1900 levels
Weekly support zones at 700 to 800 levels
Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is
possible for 25% to the levels of 2200
Day time frame suggests an ascending pattern with good dip...
Hello Friends i have made some efforts in explaining the one of the pattern which is formed rarely but still exist and it was identified by R N Elliott
he explained it as Contracting leading diagonal , which leads to new trend ,
One can look for entering in stock at CMP or small pull back so that you can make money holding it till 3000 ,
Good luck
Hii this is trader kanishk.
In this video am told you to hold a long position in INDIGO Future.
The whole technical analysis has been shared in this video.
watch this video till end.
and be ready for a longer profit and a short stoploss.
thank you
any query ? msg me . Follow me if you like it.
