Cup and Handle Indigo LongCup and handle pattern formation in the weekly chart.
And moving average crossover.
INDIGO trade ideas
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
Indigo Trap - Fake breakoutThe price seem to be a trap. No volumes despite it being an 8 month breakout.
there is a clear divergence on the RSI and the price.
Its a classic bearish divergence.
The price is making HH and the RSI(oscillator) is making LH
The price should be back to 1600.
Indigo Airlines: Strong sell due to poor Q4 resultsDate: 06 June 2021
Very poor results from Indigo Airlines
Look for shorting the stock. All targets and SL is given in the chart
INDIGO - Consolidation Continue or Breakout? Where to takeoff ?It has been observed that the price action is consolidating for last 6 months between the range of 300 points from 1500 to 1800 levels.
Flight 01 (Up)
Investors who want to enter in the stock can wait for a breakout above 1800 levels on daily chart with good volumes in order to confirm the up trend in the stock. In my opinion, the company needs some positives news to support the breakout that could be
"Foreign countries open up for Indian travelers" "India's recovery from Covid19" "Rate-cut in fuel pricing"
I believe it may take another 2-3 months to hear such good news, therefore price action will keep consolidating for a while.
Boarding: Once price action breaks above 1800, next destination 2000 levels.
Flight 02 (Down)
A correction can be seen from current levels as the price action is at previous resistance zone where previous sellers will again offload their holdings and increase supply in the market. It may further take down the price action to around 1600 levels.
Some of the bad news hovering around the stock that may push the price action further down.
"Fuel cost went up" "Net loss widens" "Third Wave may come" "Restrictions on travelling"
Until we see improvement in next quarter results, I believe price action may still continues to consolidate.
Boarding: Below 1720, Destination 1670 & 1620, SL - 1770
I shall be updating the stock direction and targets once I notice clear breakouts on either side.
For now, keep it handy in your trade watch list.
Appreciate your time, Regards
SHORT SWING TRADE IN INDIGOHello guys i had find this setup which is in sideways trend and had given a good selling opportunity in 4h timeframe lit is a swing trade with good RR ratio you can go for sell when it break trendline and also i had done some fundamental analysis on it that i had give the bad quarter result and i request you all do your own analysis before taking any position in market. if you guys like my analysis plzz like share and follow thank you
Indigo- Wait for a dip and buy for good gainsCMP 1754.
Has consolidated a lot for the past 4 month with very strong resistance and support tested multiple times.
Should test the support of 1500 again and then buy for first target of 1780 and second target of 1900 within 2 months.
The easing of lockdown will be an enabler in July and might give a very quick breakout.
NOT AND INVESTMENT ADVISORY BUT ANALYSIS FOR SELF BUYING.
Indigo - Can give good move after 7 months consolidation breakINDIGO - Details added in chart.
Disclaimer - Chart posted only for learning purpose.
INTERGLOBE AVIATIONIT IS STILL BULLISH ABOVE 1500, So longing at 1535 and a re-entry at 1500 with a SL at 1480 should be good trade with a good risk reward ratio. the upside target can be at 1800s.
And now that the lockdown is eased and the vaccine is on the verge its good to stay long on such a stock which is more predominant in indian airline industry.
IndigoIndigo
Need one good closing above 1800
Tomorrow Result day so closely keep on eye...
Good channel consolidation from Nov20 to May21
If sustains above 1800 then its a monthly as well as weekly breakout.
Indigo Important Resistance Expected Further Movement to be bullish(Swing) - Bearish (Long Term) ,can get side moment in upcoming sessions_ followed by a good breakout/breakdown.
Mostly expected to Breakdown because of current covid situation as govt Stretch the ban over international flights last Friday
Just for study purpose.
Indigo- Cup & Handle - Weekly chartIndigo closed strong near the Neckline of C&H patttern. Accumulating in a range since Dec 2020. Good for short-term view if holds on above 1800 level in coming trading sessions.
Breakout PotentialLooking for a breakout above 1820 levels. If supported by increased olumes, then long at 1820
