INDIGO trade ideas
Indigo In important support zoneIndigo is in day level consolidation for a long time. It is now in important support. Moreover in the recent 1 hr time frame it is making lower highs. If the market goes further down it may breakdown.
[Positional] Indigo Short Idea - Bullish Flag BreakdownNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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INDIGO - BREAKOUT?Will INDIGO going to give a breakout in this bear market? lets see where it will take.
Indigo - Potential Short opportunityWith covid cases rising and states looking to shut down many activities airline loads could take a beating again..
Look to short Indigo if it breaks below 1490. SL above 1545. (Potential box breakdown)
Keeping the target open coz high crude prices + lower passenger loads will be a double whammy for this industry.
INTERGLOBE AVIATION IMPORTANT LEVELSInterglobe Aviation is on a very important support right now. If remains bullish, will hit the targets or else will fall.
INDIGO Breakout ReadyNSE:INDIGO Levels already mentioned.. Good for Swing...
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Indigo LongCan Buy once 1 hr candle closes above the resistance line with a Immediate target of 1740
Elliot wave Analysis Neutral Sequence in INDIGOINTERGLOBE AVIATION (INDIGO)
60 Mins (log scale)
Wave 4 was a Triangle with the combination of double zigzag structure.
Neutral Sequence
