UptrendI think the news will have a major impact in the coming days on the movement of stock prices of aviation companies. There is no immediate resistance. Should reach the possible target in a few trading sessions.
INDIGO trade ideas
INDIGO IS BEARISH TILL IT BREAKS ABOVE THE ZONE 1150 - 1298I remain bearish on this stock until it closes above the resistance zone from 1150 -1298
At present, it's under the kind of a flat correction and trying to reach closer to the falling trend line.
My preference is to short it around 1150 and place the stop above 1300.
Sell Target 1 is at 888
Sell Target 2 is at 708
Price actionMIght be a good candidate for long if it sustains above 975,once again need support from nifty and always follow market trend.
Indigo ShortExpecting Bat Pattern to be formed.
Will short around 1015-1023 SL 1037.85
Target: 1010, 988,973
around 980 there is a resistance which can act as support in case if it starts falling from PRZ.
#BULLISH BAT INDIGOBullish bat identified in weekly time frame. i'ts already entered in PRZ zone. i want to re-enter in indigo. so now i will check in daily tf and waiting for near support trend line..lets see
INDIGOAscending Triangle pattern
Resistance around 1090 to 1100. Tested this resistance multiple times.
INDIGO - FLIGHT IS READY TO TAKE OFFForming an ascending triangle pattern, Indigo stock is ready for an up move. Buy Above 1100 keeping SL below 1170 for target zone of 1150/1200/1250.
head and shoulders formationHello,
found classical head and shoulders formation on this 15 mints chart. holding 700 PE of April months.
Will see how it will work.
Regards,
Satish
Inverted Head and Shoulder patternIt looks like inverted head and shoulder pattern, Just wait for breakout
A Bullish Engulfing Candle at Support Zone with increased VolumeA Bullish Engulfing Candle at Support Zone with increased Volume draws my attention.
Indigo is ready for take off againBullish divergence at former resistance. Good confluence for higher prices.
INDIGO : SHORT UNDER 1470.NSE:INDIGO
1. Bearish Pennant
2. Bearish Divergence on RSI
3. Support & Resistance
