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INTERGLOBE AVIATION LIMITED

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INDIGO trade ideas

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!!
NSE:INDIGO
by wearetraders2020
Indigo - Consolidation (Support & Resistance zone analysis)Indigo is moving up and down in a consolidation region. After breaking the 1700 levels recently it has created 1750 - 1765 as its major resistance zone. The evening star candlestick pattern can be seen on Friday on the chart but the volume of selling was not more than the previous day which is generally expected. It means the retailers have exited their positions from Indigo and not the big player. The next support seems to be with the trend line and from there if a candle with good volume is seen then the price can move towards 1800 levels. Considering the result is pending on 25 Jan for Q3, the price can have surprising moves as well. It will be interesting to see how the confluence of Earnings, Candlestick, and Support Zone work together.
NSE:INDIGOLong
by trade_opportunities
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