INDIGO trade ideas
INDIGO Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
accumulate INDIGO TILL???TRADING AT SUPPORT ZONE OF 950
ACCUMULATE TILL 810 HUGE INVESTORS BUY ZONE
SL 690
TARGETS
1000
1065
1100
1155
1225+++++
Long term prospective for #Indigo #NiftyIndigo,
Once breaks 866 levels will be heading for 800/693 level which happens to be a long term support.
Once 693 is lost i expect Indigo to head for 446 and lower targets.
INDIGO levels for 11-Mar-2020(Intraday)In good Bullish sign from last few days
Buy Above 1240 for 1250,1270,1320
Sell Below 1200 for 1190,1170,1120
Critical Zone- 1200-1240(sideways)
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SHORT INDIGO AT 1054ACCORDING TO ME INDIGO IS LOOKING WEAK DUE TO THE IMPACT OF CORONAVIRUS IF THE CORONAVIRUS WILL CONTINUE TO SPREAD THEN THIS STOCK MAY GO DOWN TILL 946
I WOULD LIKE TO SHORT INDIGO AT 1054 WITH A STOP LOSS OF 1100 AND MY TARGET WILL BE 946
Indigo has corrected a lot and it's time to keep an eye on stockIndigo has corrected almost 30 % and now it seems to approaching towards the circle area on the Gann fan and 0.5 Fibonacci entrancement level. Don't be in hurry to buy but be in wait and watch mode. In the next 2 months once the effect of Corona virus is done with, being a market leader it will be in the position to take advantage of lower oil prices. However, it's not a short-term trade but those who have medium term view, they can start buying on dips and accumulating.
If you are patient enough to hold for an year, this can give good return.
Indigo Levels for 02-Mar-2020Indigo in down trend from last few months and now closed near Fib 50% level with good rejection with bullish pinbar...
Imp levels for next trading sessions
Above 1320 we can see bullish for 1340,1360,1400
Below 1280 we can see bearish for 1260,1240,1200
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*Disclaimer- All my views for Educational Purpose!
INDIGO Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
