Ixigo Stock Momentum Analysis
Ixigo Stock Momentum Analysis
Current Price Action:
Ixigo is currently trading at ₹165.6, showing strong momentum with potential for further upward movement. Recent price action and technical indicators suggest an attractive risk-to-reward setup.
volume is also supporting the move
Trading Levels:
Entry: ₹166
Stop-Loss (SL): ₹153 (below key support, limiting downside risk).
Target: ₹183 (near the next resistance zone, offering a solid reward potential).
Technical Outlook:
Trend: The stock was in consolidation phase now it is coming out from consolidation with very gud volume also supported by 20MA on daily time frame ,
Indicators:
RSI: Currently at 68 indicating bullish strength without overbought conditions
Volume: Increased trading volume suggests strong investor interest, supporting the upward momentum.
Trading Plan:
Enter at ₹166 for an optimal risk-reward setup.
Place a strict SL at ₹153 to protect against unexpected downside.
Book profits at ₹183 as the price approaches the next resistance level.
Risk-Reward Ratio: Approximately 1:1.31, making this a well-balanced trade for momentum-focused investors.
Disclaimer: This analysis is for informational purposes only. Please conduct your own research before making any trading decisions.
Current Price Action:
Ixigo is currently trading at ₹165.6, showing strong momentum with potential for further upward movement. Recent price action and technical indicators suggest an attractive risk-to-reward setup.
volume is also supporting the move
Trading Levels:
Entry: ₹166
Stop-Loss (SL): ₹153 (below key support, limiting downside risk).
Target: ₹183 (near the next resistance zone, offering a solid reward potential).
Technical Outlook:
Trend: The stock was in consolidation phase now it is coming out from consolidation with very gud volume also supported by 20MA on daily time frame ,
Indicators:
RSI: Currently at 68 indicating bullish strength without overbought conditions
Volume: Increased trading volume suggests strong investor interest, supporting the upward momentum.
Trading Plan:
Enter at ₹166 for an optimal risk-reward setup.
Place a strict SL at ₹153 to protect against unexpected downside.
Book profits at ₹183 as the price approaches the next resistance level.
Risk-Reward Ratio: Approximately 1:1.31, making this a well-balanced trade for momentum-focused investors.
Disclaimer: This analysis is for informational purposes only. Please conduct your own research before making any trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.