Indigo looks weak below 1793Short if it sustains below 1793 for the targets of 1710 and 1625 until 1833 is intact on the upper side.
Happy Trading!
Rachit
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.
#INDIGO CASH : SELL BELOW 1785 AND LONG ABOVE 1830#INDIGO CASH
25 SEPT 2019
GOOD SELL BELOW 1785
STOPLOSS 1800
TGT 1766/1752
GOOD BUY ABOVE 1830
SL 1810
TGT 1848-50/1870/1900
CMP 1803
Holding above very strong supportIf the bullishness persists then by the next monthend the scrip may see a level of 2150.
Indigo - Rising WedgeChart formed rising wedge along with good resistance at 1738-40 levels.
Can expect some downside. Below 1700, it is going to be an interesting journey downwards
Disclaimer: Chart only for study and not for taking positions based on this chart.
INDIGO SHORTNSE:INDIGO
CHART BY HARMONIC LEARNING AND EARNING
#INDIGO
SHORT RANGE 1836 TO 1839 SL 1895
T1 1736 BOOK 75% T2 1672 BOOK BOOK ALL OR USE TSL
Indigo Short Opportunity !!TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then short.
Indigo is forming the Rising Wedge PatternIndigo is trading under Rising Wedge pattern and we may see the breakdown soon.
I would update the idea once we get confirmation.
Rachit
INDIGO.. flying high too steep?INDIGO has been on its own flight path up with occasional massive or 2 corrections.
thought the stock has hit 52 week and all time high, 1750 1760 seems to be major resistance zone as shown.
would advice longs to be careful.
INDIGO SHORT | Rising Wedge Pattern Forming | It'll Fall |INDIGO - Short | Rising Wedge Pattern |
90% Sure Call that Axis Bank will go down
Confirmation =1600
b]Target =1500
NSE:INDIGO
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
INDIGO - Double top pattern in a weekly time frame chartThe Indigo stock has been facing major resistance at its lifetime high level of 1716 after the formation of a double top pattern in a weekly time frame chart. This pattern is supported by the RSI indicator, which is consistently descending from the overbought region and is currently below the downtrend resistance line. Hence, the stock is likely to come under selling pressure and will get first support at 1503, and second support at 1301.
INDIGO 30 min ChartIndigo started rejecting the resistance area.. may get a shorting opportunity near to 1650 (near the 50 MA) ... wait for the trigger..
INDIGO - TRIPLE TOP @ 1719INDIGO SHOULD BE CONSIDERED FOR GOING LONG ONLY WHEN THE PRICE REACHES 1560 LEVEL.
THERE IS INDICATION FROM THE BEAR FLAG FORMED ON 03 SEP.
1719 IS TRIPLE TOPS FORMED DURING THE CURRENT PERIOD, AS PREDICTED / INDICATED IN MY POST ON 1 SEPT.
SUPPORT IS AT 1600, BUT THIS TIME IT MAY GO DOWN TO 1560 LEVEL.
INDIGO - AIR BUMP AT 1720!INDIGO IS MOVING TOWARDS 1700 AND RESISTANCE @ 1720 (SEE MY POST ON 17TH AUG).
ONCE THIS LEVEL IS CROSSED, THEN 1800 IS THE NEXT ALTITUDE.
THERE WILL BE AIR BUMP AT 1720 LEVEL.
FOR SAFE HIGHER ALTITUDE (1800) LET THE RESISTANCE BE CROSSED.
