Indigo Bullish FlagThe chart is a 15-minute candlestick chart for InterGlobe Aviation Ltd, showing recent price movements on the NSE. The key details are:
Current Price: 4,924.80 INR, down by 7.85 INR (-0.16%).
Volume: 48.681K shares traded.
Price Range: The high was 4,934.50 INR, and the low was 4,923.45 INR.
Support and Resistance: The chart shows a resistance level around 4,998.40 INR.
Pattern: There appears to be a consolidation pattern forming, possibly a pennant or flag, suggesting potential for a breakout.
Trend: The price has been fluctuating within a range, with a recent attempt to break out upwards.
The chart suggests a potential bullish breakout if the price can surpass the resistance level. However, traders should watch for confirmation and consider volume and other indicators before making decisions.
Slightly not powerful pattern identified. check it for learning n watch it
Indigo
INDIGO: A quick refueling is due??Okay, This one was requested by our newest follower @anurag3235
We are keeping the chart simple and self explanatory as always.
Although, One important thing to know is that the public shareholding in Indigo is mere 2%. Confused on if you should invest? We have a post that will help you make up your mind. Direct link is below:
What should we analyze next?
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MACD Crossover - INDIGO📊 Script: INDIGO
📊 Sector: Air Transport Service
📊 Industry: Transport - Airlines
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3179
🟢 Target 🎯🏆 - 3385
⚠️ Stoploss ☠️🚫 - 3072
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Indigo - Bearish ViewIndigo - Elliott Wave Count
the market looks like its near wave 5 and once its completed we can expect a big decline towards 1400 or below... its recommended to wait for the price to breakout the channel and comes/close back inside to confirm the bearish scenario to take short trades. whatever the high made on wave 5 will be the SL for the short position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:INDIGO NSE:INDIGOZ2023 BSE:INDIGO
Wave V of 3 in INDIGOThe airline company is seen trying to begin the wave iii of V of 3 in an attempt to go past previous ATH and then towards the 3K mark.
It should also be noted that Indian airlines will operate a total of 23,732 flights every week during the winter schedule( approved by the Directorate General of Civil Aviation (DGCA). As per the new order, the said number of departures is an 8 per cent rise in the number of flights compared to a year ago period.
Since indigo is the largest Indian passenger carrier it will benefit from this upbeat schedule.
It presents a good trading set up with excellent RR
SL- 2390
TGT- 2790
#EASEMYTRIP 44.70 Buy Recommendation - Rachit SethiaEASEMYTRIP 44.70
NSE:EASEMYTRIP
TARGET 58
SL 38
RR >2
TF <6 Months
Return ~30%
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
INDIGO BREAKOUT TRADING IDEAAs we can see after a 4-month breakout with a bullish candlestick pattern
RSI 64.26 towards an upward direction
HV 26
let's retrace as per shown on the chart whereas, on 15 min chart, you'll see a shooting star and an evening star which indicates slide retracement
so plan accordingly.
enty and exit levels
2080
sl 2020 to 2000 (2.80%)
taget 2230 (8%)
RR 2.70%
educational purpose only!
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound.
Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅