FORMING A CUP AND HANDLE PATTERN.go for long forming cup and handle pattern....pattern for education only
INDIGO trade ideas
How to get 25% and more in INDIGO with Simple price action INDIGO - Swing trade key points
Weekly resistance at 1800 to 1900 levels
Weekly support zones at 700 to 800 levels
Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is
possible for 25% to the levels of 2200
Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video
Day time frame also makes higher lows for that purpose
We will attack this higher leg and will try to extract the maximum out of the stock
Risk to reward is favorable from this point and quite logical as per price action
Risk is 4% ( 1650 would trigger an exit )
Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1
Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around
2200 to 2300 levels
Have a nice trading day
Respect the STOPLOSS and accept what the market gives you
Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet
Thank you and your generous comment will only make this post beautiful :)
Indigo stock for long entryIndigo stock is expecting to take support from the current level. entry above 1685 Target 1780 SL 1655. RSI forming positive divergences. this is for your educational purpose only.
INDIGO is ready to take offAscending triangle with good price action is forming on weekly TF. Let it win the hurdle to fly.
Keep an eye!
Keep supporting! Keep earning!
indigo longindigo: ready for 300 points move on upper side. it has trying to out 8 months consolidation range. on weekly chart its flag formation.
INDIGO : Hammer Pattern , Positional trade availableIndigo is taking support at 44 EMA , also observing Hammer candlestick which indicate reversal in trend .Buy now and sell at 1800.
Indigo Cmp 1734 dated 16.6.2021Indigo Cmp 1734 dated 16.6.2021
1. Trendline breakdown @ 1775
Sell for a tgt of 1705-1660-1615 SL 1775
It is just a view pls trade at your own risk.
#Indigo cash : Looks good sell below 1720#Indigo cash -Positional call
16.06.2021
Looks good sell below 1720
stoploss 1735
Target 1694/1664
Cmp 1733.5
Cup and Handle Indigo LongCup and handle pattern formation in the weekly chart.
And moving average crossover.
21 days trade counter following the trendline as shown...
earnings coupled with range breakout may see a good trade for next 2/3 weeks
long with a futures immediately. add with a put option once profit hits 25000
Possible Channel Breakout in IndigoNotes:
Indigo has been trading in a channel since the 10th of November 2020 (1500-1790) possibly due to COVID and the near term outlook of the industry being a factor.
However, since the last week of April, its been in a steady uptrend, and is now back at the top of the channel (1785-1830 almost a 2.5% zone)
Owing to the long consolidation period and the fact that second wave is more or less under control, we could see Indigo testing previous high of 1900 in the coming sessions if the zone is broken.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Will Indigo Fly ?Indigo has been in a range for past 7 months and now I can see some good buildup if it breaks 1900 level from where stock had fallen sharply 2 years back and a psychological level we can expect good move this time . I will enter swing if only once the level taken out. entry should only be after our plan goes right if it fails to break I would simply prefer waiting then entering short. thanks
