INDIGO trade ideas
[Buddha] INDIGO Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Might break the trend tomorrow Indigo qualifies for NR4, NR7, Inside bar today. Also news on resuming domestic travel from 25th May is in favour. Stock might break the trend line tomorrow. NSE:INDIGO
Short - On trend line breakIn Channel from long period and now following trend line too!
In case trend line breaks, can approach support level, which is inside the channel.
INDIGO Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
UNDERSTANDING FAKEOUTSWe also reversed from 50 EMA. Now the price will just do PING PONG.
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Interglobe Aviation - Bullish Gartley - Bullish Gartley, a Harmonic Pattern has formed in Interglobe Aviation on Daily Charts.
Initiate long for the target of 1145.
SL should be below the D point i.e. 865.
INDIGO Analysis (Education purpose)Looks a nice breakout to go long.We can take position on above of today high (Day candle)
Indigo news based moveMinistry of Civil Aviation is in talks with airlines, travel agents and the home ministry about resuming domestic flights on May 18 or earlier.
Check chart for breakout
INDIGO CHART ANALYSISHello Everyone,
Happy Sunday! Hope you all are ready for tomorrow :)
As we all know, the lockdown is extended till 17th May 2020, and this is going to put all the plans on hold for aviation sector. Additionally, looking at the Indigo chart pattern, I find it bearish as it isn't breaking 1080 target from long time now.
Here are my targets:
If it breaks 981 below, then go for 950 as the first target
If it continues to break 950 then go for long 915
My third target would be 885, if it breaks 915 too
I'm sure, tomorrow we'll see selling coming in Indigo and tomorrow itself, we can see the target hitting of 915.
Thanks,
Akshay
Falling wedgeFalling wedge will breakout and will go up to 980 in this week..
And option chain call 1000 strike price is only have high open interest.
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[Buddha] INDIGO Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Indigo Weekend Level 6Will skip if sell triggers. Will keep the buy positionally. The moment lockdown lifts it will likely to get a clean swipe up.
