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.
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.
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...
