INDIGO | 9 Months consolidation breakout and retesting - 35%INDIGO | 9 Months consolidation breakout and retesting - Potential for 25% - 35%(Weekly TF chart)
CMP : 1920
SL : 1800
Target : 2600
Almost 1:4 risk reward setup
INDIGO trade ideas
INDIGO - Bullish BreakoutThe stock has broken out of the parallel channel. We can look at targets of 2055 if the trend sustains.
Tread cautiously as the RSI is in the overbought territory, hence the trend can reverse. Buy only if the stock sustains the levels of 1900.
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indigo sellindigo looks weak ,if go above top sell line and sustain there with volume dont sell ,use your barin to make sell side entry ,ia m fully bearish
on it
Intergloble Aviation Swing idea (short)Intergloble aviation has rallied for more than 15 % continuously.
-->There is an exhaustion green candle at the end of rally & trend has turned towards correction with marubozu red candle.
--> Have made comparison of last two retracement after major rally using Fibonacci using historically day chart.
--> If you are on short swing side the stock might give correction up to 50 % of Fibonacci level or more, keeping the stop loss at the high of the rally.
Note : Candle & line chart price may vary. The idea still remains intact the stock might give retracement .
Rectangle Pattern - Things you should knowRectangle pattern explained in hindi. Things you should consider before taking trade in rectangle pattern.
Indigo - Expecting More than 100% returns🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Long in INTERGLOBE AVIATOThis scrip had broke from a channel pattern and now it is trading at its All Time High. The volumes are stable even after increase in price and few days back 21EMA crossed over 50EMA as well as 100EMA, so i consider this as a perfect opportunity to long with SL below the resistance.
IndigoIt is a big pattern breakout .entry based on your risk .
POSSIBLE ENTRIES:
1.wait for week close
2.if someone missed it ,enter while retrace
Indigo Long Term ViewPrice is now 100 week high.
Broken the high price of September 2019.
If the price continues to rise up,
Next Fib target would be 2595
LONG TERM VIEW
InterglobeAviation : potential breakout #interglobeaviation potential breakout
pre pandemic resistance hit .watch out for a potential breakout.
also looks like an inverse head and shoulder pattern on weekly though not perfect looking.
bullish momentum and trend seen on all timeframes. Could plan long
if a green close appear above resistance with stop loss below it.
Channel breakout || INDIGOThe stock has broken a long-time channel breakout and is looking good for a swing trade. Keep your eyes on this stock. Can be bought for a target of 1940 and 2000. SL will be 1800 on a closing basis.
WHAT IS A CHANNEL PATTERN ?CHANNEL PATTERN :- It is nothing but a formation of two almost parallel lines between which the stock oscillates.
Channel can be of 3 types : 1) Horizontal Channel 2) Rising Channel 3) Falling Channel
It is a constant fight between bears and the bulls and victory is decided by the breakout or breakdown of the channel pattern.
Bulls wins the fight if breakout occurs , bears wins the fight if breakdown occurs.
When fight is over, the stop loss of other team is hit hence we can see a very strong move after the breakout or a breakdown.
I have explained everything on the chart itself but here is one tricky point which i would like to again repeat. :-
When a stock fails to touch the either of the line , there is a possible chance of breakout on the opposite side. ( as clearly seen in the chart breakout took place on above side when stock didn't touched the support line )
In above scenario bulls were more strong as they didn't let the stock move towards the support line, bears lose hope and finally breakout took place.
Another secret point i would like to share with you all :-
When stock gives a fakeout (breakout + moving back into the channel ) there is a possible chance of breakdown on the opposite side.
and When stock gives a fakedown (breakdown + moving back into the channel ) there is a possible chance of breakout on the opposite side.
I have shared many channel pattern stocks in my previous analysis , feel free to watch them for better understanding.
INDIGO LONGnear to all time high
consolidation till last week
now looks a breakout
long term tgt 2148
markets in all time high,so trade with hedge only
INDIGO
Target:- 2128
Stoploss:- 1841
Stock has already touch the support line, take support and going upward. This is clear indication of short term bull run. So we can take long position there.
Invest Now ! Breakout with volume!Self analysis Must. Just for education purpose. All details available in Chart
Potential Breakout in INDIGO StockIndigo stock has hit pre-pandemic resistance. If the breakout happens this time, we can see good momentum in a bullish trend. Bullish Trend has been seen in all time frames.
