indigo indigo is on important level if covid 19 news is critical then this share consider sor selling
but wait for breking its support level
INDIGO trade ideas
double bottom pattern in INDIGODouble bottom pattern
volume breakout
horizontal resistance breakout
levels are self explainatory
Breakout possible in INDIGO as per weekly chartA good weekly resistance may be broken in INDIGO which can give us further up move towards 2400+ levels.
Weekly Volume is good as well as RSI is around 69 which gives us possibility of further upwards move for some more time.
Once can take a BUY above current levels with SL below 2248.
Breakout and closed above trendlineits closed above trend line & consolidating a range anticipated quick sharp move soon just keep eye on radar
INDIGO BO!INDIGO trading at 52wk high!
Buy above 2333
SL 2202
Target 2565
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Swing Trade 15.11.2021my first analysis with trend.
Latest news about InterGlobe Aviation Ltd INDIGO, which operates India's biggest airline, fell 4.6% after the company posted a bigger quarterly loss on Thursday and warned that steep fuel prices were a concern.
INTERGLOBE AVIATIONhuge volume on breakout,,,rsi was rising above 60 so its indicate bullish sign...
#interglobeaviation #indigo inverted weekly HNS breakoutThe stocks seem to be breaking out of an inverted head and shoulder pattern on weekly.
Daily may be breaking out a flag pattern after earlier consolidation.
The volumes are above moving average.The trend indicator is in dmi positive bull zones
on all timeframes and trend strength is seen rising on all timeframes.
Momentum also is bullish on all timeframes. With a stop loss below neckline of the pattern
This swing /positional trade could further move reasonably good risk reward if pattern works out.
Indigo Positional View !!INDIGO : cmp : 2023.05
After hitting ATH a good retracement/profit booking has been seen in last week.
A hammer kind of pattern has been formed in D chrt.
Took support near 2000 lvl.
So we can expect a boune back from here.
For trading buy above 2060 lvl.
Accumulation zone : 1960-2040
Profit booking zone may be 2240-2320+
SL 1945 Dclbs /According to ur risk apetite.
Positional tgt 2560
Sl 1892 Dclbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Broadening Wedge Pattern in INDIGO projected 2370+ targetIn 30 minutes time frame,
INDIGO showing consolidation zone and creating broadening wedge pattern. Currently it's trading near the support level of this pattern. So most chances there have a reversal from this support level. There have 2 possible entry's in this stock as below:
1) Reversal Entry:-
Can take entry near support level with targets upto the resistance level. Possible it will face resistance level near 2260(nearly 100+ points). For this trade can place stop loss below support level. Also, Can hold this trade with trailing stop loss for breakout entry.
2) Breakout Entry:-
Once this stock reached it's resistance level there have chances of breakout. Once this gives breakout can go long for target of 2370+ with stop loss below resistance level.
Disclaimer:
Consider this post as an education purpose. Before taking any trade always consult with your financial advisor. All mentioned patterns and levels are based on probability and previous history. Don't consider it as a surely. Always trade with risk management.
SHORT INDIGO: HIDDEN DIVERGENCEINDIGO is consolidating near important resistance level for quite a few days. It can be shorted for target till 44EMA
Interglobe Aviation Daily chart structureIndigo after a stge breakout formed an apex consolidation pattern. broke out of it, retestsed the stage breakout level, and is looking bullish in the medium term, a potential swing trade opportunity with SL just inside the stage breakout region.
1:2 in Indigo after triangle breakout on Daily chartsA symmetrical Triangle breakout in Indigo after a good consolidation. I have represented the trade with a possible 1:2 on the long side.
Kindly note that this is not a recommendation but only for knowledge purpose. If you trade, its your responsibility to manage it.
Symmetrical trianlge !!Will it take-off or crash...have to wait n watch !
Key levels mentioned on chart.
Kindly do your analysis before initiating trade.
Pennant Pattern in INDIGOIt gave a breakout from consolidation ( consolidated for a year ) few days back and formed pennant pattern . Good to go long on breakout of this pattern .
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Interglobe Aviation ShortHead 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 baseline. In this case we can expect an approximate of 15% fall in the prices if such a breakout is to happen.
Keep an eye out as the pattern is still incomplete. This graph is only for educational purposes; invest at your own risk.
Stoploss: 2055
Target: 1650
