INDIGO trade ideas
Indigo has given upside breakoutIndigo has given upside breakout from ascending channel, buy it at CMP 1486 for a tgt of 1542, 1623, 1700+
Sl: 1300
Timeframe: 1-2 months
INDIGOIF IT CROSS THE BOX THEN IT MAY HIT 1706.
DAILY RSI ALSO ABOVE 60 AND WEEKLY ALSO ABOVE 60. FOR ME INDIGO IS VERY BULLISH.
INDIGO: ALGO BUY SIGNAL HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
INDIGO has given breakout @ 1380Disclaimer: Analysis for education purpose only. Seek financial advisor before making any decision.
One Right Trade's Swing Trade Idea #183 : Long on INDIGOThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Ignore the noise Whenever trend makes such contraction , One can expect correction in the prices or
it can Move out from that congested area ,
I am looking an correction , but it is equally possible that it can move out from its congested area to up ward also
Look to trade in the direction it gives the proper set up
Good luck
Short IndigoIt will reach 1450 and then downfall will come
Sell = 1450
target = 1300 and 1250
Stoploss = 1520
It is confirmed by channel and harmonic pattern.
Education purpose only
Intra and Swing Setup: Looks good to enter around or above 1360Intra and Swing Setup: Looks good to enter around or above 1360 with strict SL of 1350 for the target of 1400/1430/1480. This is already pulled back many times so this time it will show good strength to go up.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Indigo - just observationLets see what happens next.
This is not a trading advice.
Please comment your views.
Indigo In an important zoneIndigo took support on an important rectangular area. It re-tested but got resistance from 50 EMA. It will come and retest the support line and then can either break sharply upwards or downwards.
Inverted head and shoulder developmentThe stock is making and inverted head and shoulder - not fully complete now. Keep a watch above 1396 level
Sell below 1466 sl 1380 target 1354Trend📈 line breakout take next candle breakout of first candle and enter
Indigo : Building of Wave 2a. Zone: Strong Bull
b. Resistance 1: 1376.35
c. Resistance 2: 1388.55
d. Support 1: 1351.95
e. Support 2: 1315.40
NSE:INDIGO
INDIGO: inside transition zone INDIGO: CAME OUT OF BEARISH ZONE ! 1345 IS THE KEY LEVEL ! ABOVE 1345 GO LONG OR NO POSITION, ONLY BELOW 1345 IT IS SHORT !
