INDIGO trade ideas
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
"Start follow me to know views on your specific stocks, ping me your stocks"
*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.
Change in the view I have changed my view from Long prospective to short , pattern is getting changed where i was expecting an bounce turn out to be an pause
Well we have to adopt change in the volatility as change in the perception
One can look for short sell set up , again i am requesting , Kindly enter with your methods of entry and exit , as few DM have come where to enter and exit
i cant give that information on real time basis
Good luck
INDIGO DETAILED VIEW FOR MONDAY- SHARK PATTERNFOLLOW AND WHITE LINE STOP LOSS ON CANDLE CLOSING BASIS
TRADE AT YOUR OWN RISK
If Range breaks - what can we do ?Forming HH & HL pattern
now in a small range
if any side breaks
then we enter that side
as pattern looking HH & HL
I expect it may break upside only
Let's hope +ve side....
Disclaimer - I am not a professional trader and recently started chart reading. this is for observation purpose only
Indigo Swing trade setupIndigo may take Support between 1458-1466 and may hit target again 1490+ with SL of 1458 if entering near 1460-146565
INDIGO LOOKS GOOD FOR SHORT TERM ,DECENT GAINS ON THE CARDSBias,Momentum,Trend all favouring this stock.So one should enter this stock and risk and position sizing should be based on their risk taking capacity
INDIGO will mostly fall 10% down
1) Unable to sustain above 200EMA and broke down
2) Retested and rejected again from 200EA
3) Multiple rejection patterns on lower time frame
Its now offering very good risk to reward ration of 1:6
Wanna 40 % Profit ?? here it is Any reversal on daily one can look for going long , its Going to go up ,
The patience is key for earnings , have patience along with trailing the stop on daily low basis , You will enjoy this Gain
Good luck
