SHORT INDIGO: HIDDEN DIVERGENCEINDIGO is consolidating near important resistance level for quite a few days. It can be shorted for target till 44EMA
INDIGO trade ideas
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.
Indigo Airlines_Target 3000Indigo Airlines (Interglobe Aviation). Target 3000; SL 1850.
Check the chart to find all the details.
Simple Trade Setup | INDIGO | 29-09-2021 [INTRADAY]NSE:INDIGO
Observations:
1) On Daily Time Frame, we can see that it just closed above 21DMA which is placed at 2018.05 level on daily time frame.
Also it took support from 1985 and closed just at 2023 level. 1985 to 2023 level is very critical zone.
It can bounce back to be bullish from here if it holds above it and takes support from here, otherwise breakdown on this range will make it bearish.
Please refer below chart : Daily Time Frame.
2) On 15 min time frame, we can see the signal of bullish divergence as price is making lower lows while RSI is making higher lows. So if it sustain above 1985-2023 level range then there is good chance for up move.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 29-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
INDIGO - Good to LONGINDIGO - Good to LONG . Aviation industries are going to start thier upside as travel ban is planned to be lifted
INDIGO... FLYING HIGH...A good channel breakout and retracement to the resistance trendline. Now the script will continue to rally.
Indigo - Interglobe AviationSo usually airlines are the worst stocks to invest in, we all have seen the Billionaire meme, how to become a millionaire? Be a Billionaire and buy an airlines company. he he..
Anyway. So, I observed that Indigo has fallen quite a lot. Also, its exactly at the support. there were interestingly two supports, one blue line which is the Corona Times channel and the other on is usual stock rebound support.
I was confident that since Airline travel is picking up and people with double vaccination are not required to get RTPCR reports, now is the best time to enter indigo. For swing only please. The red line and above is a very good first target.
*Disclaimer - This is for learning and understanding of charts purposes only. Please consult a stock market registered expert before putting in your hard-earned money :) ...
