This was posted on feb 18, with a DB support at 811
Study Only: Flight lands succesully. Now, lets see which route gets alloted to it... 1) small reverse journey OR 2) onward journey to higher 'plains'!
1st designation done.
indigo is approaching channel resistance level. Will it break at least this time?
InterGlobe Aviation Ltd. It is all started with a small Delhi Express Travels, in early sixities, IndiGo commenced operations in mid 2006 with a single aircraft and is today India’s youngest, fastest growing airline. Flying with them was quite a pleasant experience to me , just thought of searching for the antiquity, found a tremendous investing opportunity...
Takeoff nearing countdown, based on GOI pro active Aviationn policies.
Buy at 900 Targets 957, 1040, 1190, Triangle may break in coming months . Resulting in good returns. Currently less volume in stock , Good to keep in watchlist.
Buy setup:- Indigo, broke the falling trendline. Buy at cmp 925 and on fall till 900. SL- 860 Target 960
Last Price@925 Still Open for upside in Indigo. Currently moving in sideways for so many days. I shall be looking for the push which can take indigo to the 1000 mark.
Breaking of channel & moving above 956- It will put its gear on.
Its a (v)-th wave internally -going above min-top 927 -it will give us hint that Indigo wants to continue up & kiss the desired zone of 980-1000 where it will have the center channel as resistance.
Markets are not able to decide here as well where it wants to head. From previous update -907 was an important level for me & look Indigo just turned from close proximity of 907 -Made a high@908 & Had a fall till 890. On a daily chart(indecisive candle)- yesterday's candle had a small difference between open & close & having long wicks on upside & moderate on...
I shall be out for the day There was a break of trendline -& if this trendline acts as a support- if prices pullback & trendline acts as support then one can take a long opportunity with that recent swing low as stop. or strategy based on previous update
Likely Indigo if goes past 907 on top -it shall take the flight to the center channel zone 950-1000 & crossing & sustaining above that shall take it to 1150-1200 on Upper Channel Top where Y will be equal to W-Wave Possible H&S Pattern If goes below 790 without going above 907 & starts falling below 790 then H&S Pattern gets activated with its ideal target zone...