INDIGO trade ideas
Long Continuation Oh again , I am talking the same thing here , what a mess
One person who call him self as Guru and tried to teach many is trying to copy my style
Here is one word to you ,
" You can copy everything form my chart , No doubt you will find some win & and some loss , the Most Important factor you will not get is how to identify the trend direction before it makes its move "
This scrip is moving in slow impulsive manner , and it visually can not be identified as impulse
but trained eye can identify it as start of New impulse leg
its forming its 1st impulse leg up side , expect this scrip to move higher high in coming days , also note there will high likely chance that the split will be issued as the scrip value is out reaching more than 13 $ per share , usually when scrip hits more than 15 $ it will get an attraction form FII and also it will undergo for split for getting more Infusion in the Foreign investments
but for sure this one is moving out
Like i told you many Pandit and Guru are trying to teach you or sell you indicators , i am sure they have no idea how to forecast for better earnings
so stay away and keep trading with safe Entry & Exit methods
A slight dip in INDIGOThe market shows overall uptrend pattern after the fall of jetairways but the candles are near to the resistance .So there could be a slight fall in the market and again goes up
INDIGO LONG OPPORTUNITYLooking at INDIGO chart. we have seen huge upside movement from lower level.
we had recommended INDIGO for buying from 1256.
still one can go long in it above 1655 for the Target of 1700/1750 with the stop loss of 1600
Indigo Long Bias (Trend)Indigo is taking support at its swing low. The trend is upward. Though RSI is showing Class B Bearish divergence, I have a long bias as the trend is up and because of the Indian Election favourable exit poll.
downward of indigoIndigo taking support on the support line.
Break of support line will drive to the target line
Indigo approaching supportIndigo approaching a medium term support . Also Indigo good to buy if indigo approaches the trendline
Indigo, signed for BreakOut.The following all the sign of down break out but the price is still in the channel.
Gap has been seen in the value area.
The price spike also still in the channel.
Volume raised with price fall.
The Gap has been seen, and spike with raised volume which very important for a trader. If this is down breaking out, the price can still 100 points to 148 points.
The important question is for a trader that, WHERE SHOULD I SHORT THIS STOC K IF its down breakout?
INDIGO.. take off or land?INDIGO broke trendline and has retested from below and has got rejected for now..
also it has broken above the falling trendline connecting from previous short term highs
right now it is the middle zone zone of both the trendlines.
see chart for info
move below 1550 can increase selling pressure on the stock.it has run from 700 to 1600s..
Short idea is not risky if your trade is near the stoplossThis is small channel that is not reliably in a bigger channel's comparing, yet value high " DOJI " is important to short this stock.
