INDIGO DETAILED VIEW FOR MONDAY- SHARK PATTERNFOLLOW AND WHITE LINE STOP LOSS ON CANDLE CLOSING BASIS
TRADE AT YOUR OWN RISK
INDIGO trade ideas
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
Indigo - Bottoming outWith crude beginning to cool off dramatically and indian aviation with an approx utilisation of over 85%. The top airlines are increasing capacity and input costs are going down.
Indigo has bounced off a key fibo level.
Long at CMP. SL below 1328. If you are in it position and long term then SL goes deeper below the yellow support zone.
