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.
check this chart and follow my tradingview account- (sujoyking)
any questions/queries ping me my telegram account- @SSstockexpert
link-https://t.me/ssexperttrader74
hope enjoy my chart analyses.. good luck trader..
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 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 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.
Interglobe Aviation Limited is engaged in the provision of passenger services. The Company is engaged in the business of providing domestic and international scheduled air transport services under the name of IndiGo. The Company's segments include Domestic, which provides air transportation within India, and International, which provides air transportation outside India. The Company operates on a low-cost carrier (LCC) business model. The Company has a fleet size of approximately 110 aircrafts. The Company offers flights to over 30 cities in India and approximately five cities internationally, including Bangkok, Dubai, Kathmandu, Muscat and Singapore.
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INDIGO
