INDIGO trade ideas
Indigo positional trade for 4-5 percent upside possibleThe stock gave trendline breakout in the second half and looks good positionally above 1681 level.
very good stock to trade for a yearreturnsvery good stock to trade for a year 100% returns
in a year buy at support and sell at resistance
happened for 3 times
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.
Intraday Trade: watch for Inside candle breakoutbuy above 1676
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
#Indigo cash : Must trade above 1675.10#INDIGO CASH -Must trade for next 3-4 days
20.01.2021
looks good above 1675.10
stoploss 1640
Tgt 1696-1700
(Risk free above 1700 for 1740/1780
(Add more))
Cmp 1666.5
INDIGOIn 1hr time frame INDIGO has formed inverted head and shoulder pattern. So may be in next couple of days this stock could give good up-move .
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Diamond Diamond 💎 type pattern is being formed on chart. Right side support point has still not emerged to draw a trendline. It may happen tomorrow or day after tomorrow.
"RISKY" Flying in Indigo for Intraday!Hey everyone this is Rv
its just a very beautiful price action setup for intraday I found on indigo just right now
Exact Entry Target And SL is mentioned on the chart scale
notwdoen and dont be greedy or fearful!
INDIGO GOOD BUY SIGNAL$$ HAPPY NEW YEAR 2021 $$
A rounding bottom kind of pattern has been formed in D/W chart.
Above 1722 breakout possible.
TGT may be 1786/1828
good buy zone 1690-1703
Intraday SL 1672
SL 1655
Trade Idea : JAN 1750CE/1800CE
OR
JAN FUTURE
Let's see what happen....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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Indigo - Ready to fly againInverted Head & Shoulder.
Neck Line is at the resistance of 1740. First, it should cross 1740 and then should head towards 1760-1780 levels.
DISC: Please consult your financial advisor before taking any decision. This is not a buy or sell tip.
