INDIGO trade ideas
Swing Trade 15.11.2021my first analysis with trend.
Latest news about InterGlobe Aviation Ltd INDIGO, which operates India's biggest airline, fell 4.6% after the company posted a bigger quarterly loss on Thursday and warned that steep fuel prices were a concern.
INTERGLOBE AVIATIONhuge volume on breakout,,,rsi was rising above 60 so its indicate bullish sign...
#interglobeaviation #indigo inverted weekly HNS breakoutThe stocks seem to be breaking out of an inverted head and shoulder pattern on weekly.
Daily may be breaking out a flag pattern after earlier consolidation.
The volumes are above moving average.The trend indicator is in dmi positive bull zones
on all timeframes and trend strength is seen rising on all timeframes.
Momentum also is bullish on all timeframes. With a stop loss below neckline of the pattern
This swing /positional trade could further move reasonably good risk reward if pattern works out.
Indigo Positional View !!INDIGO : cmp : 2023.05
After hitting ATH a good retracement/profit booking has been seen in last week.
A hammer kind of pattern has been formed in D chrt.
Took support near 2000 lvl.
So we can expect a boune back from here.
For trading buy above 2060 lvl.
Accumulation zone : 1960-2040
Profit booking zone may be 2240-2320+
SL 1945 Dclbs /According to ur risk apetite.
Positional tgt 2560
Sl 1892 Dclbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Broadening Wedge Pattern in INDIGO projected 2370+ targetIn 30 minutes time frame,
INDIGO showing consolidation zone and creating broadening wedge pattern. Currently it's trading near the support level of this pattern. So most chances there have a reversal from this support level. There have 2 possible entry's in this stock as below:
1) Reversal Entry:-
Can take entry near support level with targets upto the resistance level. Possible it will face resistance level near 2260(nearly 100+ points). For this trade can place stop loss below support level. Also, Can hold this trade with trailing stop loss for breakout entry.
2) Breakout Entry:-
Once this stock reached it's resistance level there have chances of breakout. Once this gives breakout can go long for target of 2370+ with stop loss below resistance level.
Disclaimer:
Consider this post as an education purpose. Before taking any trade always consult with your financial advisor. All mentioned patterns and levels are based on probability and previous history. Don't consider it as a surely. Always trade with risk management.
SHORT INDIGO: HIDDEN DIVERGENCEINDIGO is consolidating near important resistance level for quite a few days. It can be shorted for target till 44EMA
Interglobe Aviation Daily chart structureIndigo after a stge breakout formed an apex consolidation pattern. broke out of it, retestsed the stage breakout level, and is looking bullish in the medium term, a potential swing trade opportunity with SL just inside the stage breakout region.
1:2 in Indigo after triangle breakout on Daily chartsA symmetrical Triangle breakout in Indigo after a good consolidation. I have represented the trade with a possible 1:2 on the long side.
Kindly note that this is not a recommendation but only for knowledge purpose. If you trade, its your responsibility to manage it.
Symmetrical trianlge !!Will it take-off or crash...have to wait n watch !
Key levels mentioned on chart.
Kindly do your analysis before initiating trade.
Pennant Pattern in INDIGOIt gave a breakout from consolidation ( consolidated for a year ) few days back and formed pennant pattern . Good to go long on breakout of this pattern .
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Interglobe Aviation ShortHead and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its baseline. In this case we can expect an approximate of 15% fall in the prices if such a breakout is to happen.
Keep an eye out as the pattern is still incomplete. This graph is only for educational purposes; invest at your own risk.
Stoploss: 2055
Target: 1650
Indigo Cmp 2016 dated 19.10.2021 SELLIndigo Cmp 2016 dated 19.10.2021 SELL
1. Trendline breakdown @ 2000.
Sell below 2000 for a tgt of 1955-1920-1890
SL 2040
It is just a view, pls trade at your own risk.
INDIGO in mood to fly A aviation sector is in mood to fly again. The positive news for sector and healthy consolidation will push indigo to new levels. Keep watching
Rebounded SharplyOn the weekly chart, the stock has revisited its Sep breakout zone of 1900-1880 levels and rebounded sharply
On the monthly chart, the stock has also decisively broken out its two years “Multiple Resistance Zone” of 1900 on a closing basis indicating strength on a long term charts
The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments
The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 2260-2350 levels
INDIGO TRADE SETUP FOR TOMORROWThere is strong resistance of 2051, stock two times rejected from this level.
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Indigo share break the resistance and then now it is in the correction mode.
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So for tomorrow you can buy this trade once it goes above 2051, for the target of 2140.
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Note: There is also a news that domestic airlines will be restart from Monday so we can see this news effect on this share.
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So we can see the gap up or good momentum in the morning and after the 12 maybe stock will do consolidation.
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What's your view on this comment below in the box
INDIGO - Head and Shoulder NSE:INDIGO
Expect the Stock to correct and take support around 1662-1600. This seems logical as there are 2 new entrants in Market
Disclaimer : Its my opinion not a Recommendation.
