Indigo stock for long entryLong indigo above 1340 for the target price of 1395 SL 1302. after the BO of TL will give us confirmation to take long entry. Also +Ve divergence in RSI. This is for your educational ideas.
INDIGO trade ideas
Indigo: Bull is knocking on the door.a. Zone: Strong Bull
b. Resistance 1: 1373.80
c. Resistance 2: 1392.85
d. Support 1: 1329.20
e. Support 2: 1316.50
NSE:INDIGO
Indigo good short candidateIndigo spot cmp 1350
Bearish bat pattern formation
PRZ zone in range 1430-1455
pattern gets violated above 1540 levels
As per elliot wave counter is on verge to complete its impulse phase,,
once corrective phase unfolds,, we can see sharp fall in counter,,
Rising channel resistance around same range would act as good resistance
Price are making higher high and RSI is making lower high,, bearish divergence
Good shorting candidate
Indigo- Channel has to be broken for downside move 1290Last Price- 1365 / 10:39 Hrs / 14th Oct2020
Trading Strategy
Plan A
Holding above the channel & above 1355 - stock can attempt upside of 1395/1400 levels but traders have be careful at the tops once upside target is reached
Plan B
Once channel is broken & stock falls below 1355- that will confirm that short term down move has started for 1290 & lower levels
Intra and Swing SetupIntra and Swing Setup: Looks good to enter when it breaks out of the box around or above 1380 with strict SL of 1350 for the target of 1430/1480.
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.
Breakout in IndigoResistance breakout in Indigo. Wait for retrace and go long
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Indigo, Weekly TimeFrame and 4Hrs TimeFrame Overview.Value High is good to sell this stock 1372 below for targets 1287(Control Price 2) and Weekly chart 1210.
Target 1210 if the price sustain below 1360
As per the weekly chart, Buy INDIGO for targets 1480 nearby only if price close 1350 +
Param ount Underline is st ronger resistance and price can fall that why don't you suggest trade heavy volume.
Indigo- Important Resistance-1355If Resistance 1355 holds as the top then we expect 1180 ( 1st Target) & falling below 1180 more on the downside
Last Price- 1322 / 13:03 Hrs / 5th Oct 2020
Strict Stops Above - 1355
1st Target Downside - 1180
[Positional] Indigo Short IdeaShorting Bias (It means why I am looking for short BUT it only triggers short when PDL breaks) based on comments of news of Boeing -
Industrials were held back, however, by a fall in Boeing (NYSE:BA) after the aircraft maker cut its forecast for demand and warned it could take more than a decade to recover from the Covid-19 pandemic.
The aircraft maker forecasts demand for 18,350 commercial airplanes in the next decade, down 11% from its 2019 projection.
Indigo View- LongIndigo::
Strong Resistance Breakout possibility
Looks Good above 1357 with a SL of 1349
straight outta stratosphere pivot points are targets. watch out for pink lines , strong possibility of reversals at those points so treat them as possible targets
Indigo (WW + Harmonics)All patterns are reversal patterns. Better to wait for price to reenter the trendline and give a false breakout scenario
