INDIGO trade ideas
Elliot wave Analysis Neutral Sequence in INDIGOINTERGLOBE AVIATION (INDIGO)
60 Mins (log scale)
Wave 4 was a Triangle with the combination of double zigzag structure.
Neutral Sequence
Indigo might cross 1800 levelsIndigo might cross 1800 levels, breakout possible.
Disclaimer: I am just sharing my opinions, i am not recommending anyone to buy/sell.
Trade at your own risk.
Example of EW analysis failure and trading during failureOm Namah Shivay
When we analyzed and target the IV leg, and the
next impulse to 1870, the initial upward push
confirmed our target, But later we see that the
prediction failed !
Here we failed to properly set the leg IV, we just set it too early.
if we see now, it looks the leg IV is complete today.
So our level of 1706, when crossed to downside, we
were supposed to be out from the trade,
and should have waited for a confirmation
towards our next target and recounted
later.
Om Namah Shivay
Indigo Airlines Showing re-testIndigo Airlines after breaking away from the trendline is showing a retest. If it sustains, it can break the triangle to move upwards for a target of 2000.
If the retest fails, it will remain outside the trend line with bears taking control of the trend. For time being, watch and enter when opportunity strikes.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
Indigo Downtrend taken and rangeboundWe shared indigo on Saturday
1. 1535 looks big support, it respected today despite market fall
2. 1565 looks upper side resistance for sometime.
3. Investors may look to buy only above 1565 for 1596
4. Traders may buy on dips at 1535 for max 1565 ( trading between the lines )
5. market looks bearish , any fall below 1520 can take it deep down.
***I myself have indigo stuck at 1600 avg levels,but it is a long term investment so i am not selling it ***
**I am adding it on dips , please add according to your risk capacity****
Always for going long
1. look for MACD to green
2. look for RSI to go above 40( or 26 if buying at support)
3. Look for SQZMOM turnover
4. Look for VWAP
5. Volume should never be forgotten.
For Educational purpose!!
Intraday Setup for INDIGOIf the marked support level breaks then it can trigger the trade up to marked target level
Indigo - Double WhammyWith international travel restricted, domestic prices capped and covid still rampant aviation is not the best sector to be in right now. To add to its woes crude prices are going up and that really doesnt help our aviation players.
Short below 1590 (ideally intraday) with SL 1650.
target 1530 first target and then 1430 (200EMA)
Indigo Trade High and lows within this triangle.Indigo is in consolidation phase. Wait from breakout either side!
great 100% returns in less than a year50 ema as dynamic support
buy at support sell at resistance
keep track of 50 ema
great airlines company the only profitable i guess
will continue the upword trend
indigo targets for 8th Feb 2021Tomorrow Indigo Paper Trading,
Buy at 1660, SL-1635, Target 1692, 1705, 1720
Stock might head towards 1720/1770NSE:INDIGO
Stock looks strong above current levels and can head higher towards 1720/1750/1770 in coming trading sessions as long as 1640 is not breached on a closing basis.
All ideas shared are for educational purposes.
Interglobe Aviation LongIndigo approaching two resistances in one day chart. Keep a watch. If the breakout is with good volumes it can give a good upside.
Inerglobe Aviation - Cup and Handle pattern - BreakoutInitiate long on Interglobe aviation.
Target : 1720
Stop Loss : 1650
#Indigo cash : Looks good above 1680.10#INDIGO CASH - Dont miss it
04.02.2021
Looks good above 1680.10
Tgt 1698-1700/1725/1775
(Risk free above 1700.10)
Cmp 1672.35
