INDIGO trade ideas
Buy itBullish bat completed
Bounce from support
May be remain sometime in consolidation
Wait for sometime before entering
Indigo - Trendline support breakingSupport Levels: 1737, 1716, 1695, 1660
Resistance Levels: 1772, 1791, 1814, 1829, 1871, 1898
Trendline Support Levels: 1753-1766, 1724-1695
Trendline Resistance Levels:1781-1737
Indigo ChartINDIGO CHART
Case-1:If it takes Support and bounce back upwards then we can look for Long.
Buy above 1777
Targets are 1799,1803.8,1814.3,1821,1830++
SL-1793
CASE-2: If it breaks Support then choose Sell.
SELL BELOW 1741.55
TARGETS ARE 1735,1727.2,1718.85,1704.15,1698.2,1670.4--
SL-1777
INDIGO 1810 || SHORT || INTRADAYSHORT below 1810 SL 1820
Targets 1800, 1790, 1780, 1770, 1760, 1750, 1740
OR
INDIGO 31OCT 1800 PE (₹60.05)
IndigoIt is at a Bearish Harmonic Pattern AB=CD prz. A reversal from here could take it to 1750/1650 levels. Confirmation for that would come if it sustains below 1840 for an hour. In that case view would negate above 1880
INDIGO..max altitude?INDIGO has been a stunning out performer.
it has hit a weekly and monthly resistance. and also has moved away from its 20 dma.it can retrace back to 20 dma with time.
it is a very unpredictable stock, plan your trades accordingly..
#INDIGO CASH : LOOKS GOOD ABOVE 1883.10#INDIGO CASH
29 SEPT 2019
(ALL SHORTS ONLY BELOW 1827 LEVELS)
BUY POSITIONAL ABOVE 1883.10
& DIPS 1870-73
SL 1850
TGT 1920/1940-50
CMP 1851.80
Indigo looks weak below 1793Short if it sustains below 1793 for the targets of 1710 and 1625 until 1833 is intact on the upper side.
Happy Trading!
Rachit
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 CASH : SELL BELOW 1785 AND LONG ABOVE 1830#INDIGO CASH
25 SEPT 2019
GOOD SELL BELOW 1785
STOPLOSS 1800
TGT 1766/1752
GOOD BUY ABOVE 1830
SL 1810
TGT 1848-50/1870/1900
CMP 1803
Holding above very strong supportIf the bullishness persists then by the next monthend the scrip may see a level of 2150.
