INDIGO trade ideas
Long ContinuationAny Reversal on daily , this scrip is moving , very high likely it will make to 1450+ , one can look for entering on bullish confirmation on daily basis
A NEGATIVE DIVERGENCE ON H.T.F. FOLLOWED BY A DOUBLE TOPTHE RECENT UPMOVE IS NOT SUPPORTED BY VOLUMES AND PRICE FACING REJECTION AT THE CURRENT LEVELS.ALSO THERE IS A DOUBLE TOP IN SIGHT FOLLOWED BY A WEDGE WHICH INDICATED PRICE IS LIKELY TO TOUCH THE 1150 LEVELS
LONG INDIGO || SL : 1162 || BUY ON DIPSBuy Indigo on dips for 12th Feb with a SL of 1162 and target of 1207. Do not take a trade if it opens above 1199.
Adjust trading volumes as per entry price.
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Indigo short got activated today (Trade still active)Indigo short got activated today (Trade still active)
Gave good intraday returns today
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indigo shortthe stock has hit resistance trendline followed by negative divergence on the daily and hourly time frame along with a probable double top formation and shooting star on the hourly time frame.Price has also retraced 61.8% from the high and lows of year 2018.Hence one can look for shorting opportunities in the current zone. to be shorted close to 1215 for a better risk reward.stoploss close above 1217 for 5 minutes.
it is a counter trend strategy
Indigo's flight plan!Resistance is seen at 1190 - 1205 level. Breaking it will push the price towards 1220, 1235 and 1260.
