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INTERGLOBE AVIATION LTDINTERGLOBE AVIATION LTDINTERGLOBE AVIATION LTD

INTERGLOBE AVIATION LTD

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INDIGO trade ideas

INDIGO MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
NSE:INDIGOLong
by okako_trading
INTERGLOBE AVIATION (INDIGO)Technical: • After reaching a fresh high of near 5,000, the stock has reversed from that level, indicating a potential change in character, a term often used in technical analysis to denote a shift in trend or momentum. • The RSI (Relative Strength Index) has dropped below 50, signaling a potential weakness in momentum and a bearish outlook in the near term. • Support Levels: • Minor support is at 4,500, a level that may provide temporary relief. • Major support lies at 4,200, a critical level to watch if the weakness continues. Fundamental: • The escalating conflict between Israel-Iran has driven up crude oil prices due to concerns about supply disruptions. • As a major airline, IndiGo is sensitive to rising fuel costs, which directly impacts its operational expenses. The increase in crude oil prices might weigh heavily on the stock in the near term, adding to the existing technical weakness. • Given the geopolitical situation and its impact on crude prices, IndiGo could face additional selling pressure if oil prices remain elevated, further amplifying its decline. In summary, IndiGo is showing signs of technical weakness with bearish momentum indicators, coupled with fundamental risks tied to rising crude oil prices, which could lead to more downside pressure in the coming days. Keep an eye on the 4,200 level for strong support. View neglected if price breaks above 5,000 zone. #Indigo #stocks #investing #crudeoil #usoil #war #aviation
NSE:INDIGOShort
by karan_bagri
Interglobe Aviation -Way forwardInterglobe Aviation CMP:4256.50; RSI: 62.43. Indigo results has been pretty decent and yet again beat the market expectations. Profit booking is seen immediately after that, which is good sign and good opportunity for those who doesn’t hold the shares yet, also a good price point to accumulate. Indigo is undoubtedly enjoying the monopoly scenario for another 1-2 year before TATA led Airlines gives a competition to the status quo . Chart analysis shown, Indigo is in 3rd Impulse wave and will take this script to a price point of 5550 before the FY24Q1 results . The traders can play the script for immediate target of 4754 (10% upside), while short term target of Rs 5120 is very possible in a months’ time. While the investor should buy at current price with a stop loss of 3975 for a target of 5550. If, the target of Rs 5550 is not met before the August first week, profit booking is advisable to all my followers and investors who are long in this script, as promotor ( Gangwal trust) may again look for reducing their stake in the airlines. ✅If you resonate with the Idea presented, pls Share, Like & boost ideas and follow to never miss a new idea! ✅
NSE:INDIGOLong
by DrPrashantVerma
8
FLAG & POLE (INDIGO) WITH AWE$OME VOLUME The flag and pole pattern is a continuation pattern that indicates a strong trend in the market. Here’s a detailed look at how it works: Flag and Pole Pattern Pole: This is the initial sharp price movement in the direction of the trend, either upward (bullish) or downward (bearish). Flag: Following the pole, the price consolidates in a small, rectangular or parallelogram-shaped range that slopes against the prevailing trend. Breakout Bullish Flag: The price breaks out above the upper boundary of the flag, continuing the upward trend. Bearish Flag: The price breaks out below the lower boundary of the flag, continuing the downward trend. Trading the Breakout Identify the Pattern: Look for a strong price movement (pole) followed by a consolidation phase (flag). Wait for the Breakout: Monitor for a breakout above the flag’s upper boundary (bullish) or below the flag’s lower boundary (bearish). Enter the Trade: Enter a long position on a bullish breakout or a short position on a bearish breakout. Set Stop-Loss and Take-Profit Levels: Place a stop-loss below the flag for a bullish trade or above it for a bearish trade. Set your take-profit level based on the height of the pole.
NSE:INDIGOLong
by Faizgazi
INDIGO // LEVEL // 3H"Welcome to SkyTradingZone " Hello Everyone 👋 Let's dive into the 3-hour candlestick chart for InterGlobe Aviation Ltd. (INDIGO), the parent company of India's largest airline, IndiGo. Here are some key insights based on the 3-hour chart: Current Trend: IndiGo has been trading in a strong uptrend over the past few hours, with a sharp increase in price. Resistance and Support: The stock has a strong resistance level at around ₹2,450-2,550 and support level at around ₹2,250-2,350. Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock. Momentum: The RSI (Relative Strength Index) is above 70, indicating that the stock is in an overbought zone. Candle Patterns: The 3-hour chart shows a bullish Piercing Line pattern at around ₹2,350-2,370, which is a bullish reversal signal.
NSE:INDIGOLong
by SkyTradingZone