Indigo more to come. !!!! Need to check. Still bullish but a retest to levels may come.
1430/1410 levels.
twitter - @TheSachinJain
telegram - @Tradingbud
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.
Short sell One can look for entry on short sell set up and look to book near forecast by using trailing stop method
the structure indicates one more move down
TECHNICAL ANALYSIS ON THE BASE OF PRICE ACTION/DEMAND & SUPPLYHi Guys !
My self Amit Doshi banker by profession and passionate towards stock market since 2013, I sharing my views with reasons and charts based on technical analysis so the novice traders can save their hard earned money in market speculation ..!
I would always suggest to all the new traders that do not take any trade without conviction and self study as trading in stock market needs lots of practice and good hand on technical analysis and to read market sentiments which may change at no time.
Here I have shared my analysis on INDIGO ( LTP 1360 ) for long for the target of 1425/1525 with stop loss of 1325 DAILY CLOSING BASIS.
INDIGO CASH : GOOD SELL ONLY BELOW 1320INDIGO CASH
01 JAN 2020
GOOD SELL BELOW 1320 & RISE 1325-1327
STOPLOSS 1332
TGT 1310-1312/1303
(SUPPORT AT 1308/1292/1273)
CMP 1333.55
Bullish Divergence and Bullish Trade Setup - RSIObserving Bullish Divergence (Green Line) and a Bullish Trade Setup as per RSI Momentum Indicator . Possible chance of Up move in the coming days
INDIGO VIEW FOR INTRADAY TRADINGThis is my view of INDIGO based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only.
IndigoLong term Support turned to Resistance.
Going into the secondary narrow gradually reducing channel.
