INDIGO trade ideas
FASTEN YOUR SEAT BELTS!!! INDIGO MIGHT LAND SOON!!!Indigo seems to have entered a distribution phase. It enjoyed a stupendous rally on the back of Jetairways going kaput. The Rsi has given confirmation on the weekly charts and it would be wise to book profits on longs. With crude rising the party in Indigo might come to a temporary pause.It might touch levels of 1400 -1332 in the short run. The Fibonacci retracement might be used to see potential levels.
Indigo Intraday Breakout on either side will gradually move towards the target.
All the levels are mentioned on the chart.
Disclaimer - Not a recommendation to buy or sell, view only for educational purpose.
INDIGO - LONG - on verge of crossing multi year trend line If indigo on Monday is able to breakout multi-year trendline, it may end somewhere in 2300-2400 zone.
market conditions also look favourable... would be interesting to witness.
Next 'Flight' heading towards 1590Levels mentioned on the chart.
- Animesh Vashisht
(This is only my opinion not financial advice)
deeply, Price Action evolated on INDIGO with the targetsSELL INDIGO 1426-1429 and stoploss mentioned in chart
Below are option trade data 1400 strike PUT:
BUY INGIGO put 32-33 with stoploss Rs.30 and targets 40-44 and 47-52
LongThis one is moving up to complete its last impulse leg with in the daily structure
one can look for buying on brake out form Yesterday high for fresh entry , with stop loss below the brake out candle low
