INDIGO | At Good SupportIndigo is at good support level, one can go long with tight stop-loss as these scripts are in full sell zone due to SEBI's new regulations, one needs to be more cautious.
Indigo
will like to buy @ 1030 onlyyy i will like to buy indigo if it comes to 1030 levels onlyyy , other than that it is better for me to avoid
Indigo 2015-2016 Stock Market ChartThe chart shows a steady growth in Indigo's stock for the 2015-2016 fiscal year, which is reflected in their revenue as the company expands it's retail offering into more general merchandise.
INDIGO ShortThis is my first post in tradingview. I am new to trading of any kind.I have been trying to find my way using EWT.
I think the stock is in ABC (Corrective) mode at present. I am unable to figure out if its still in A or it has entered B. I can see divergence in MACD (a. top of wave 3 and wave 5 b. top of wave 5 and current stock position)
I solicit a few things from this awesome forum:
1. Is my wave count (1-5) correct?
2. If yes, Should one enter into a position to ride wave C?
3. If yes, what would be the strategy for that?
4. Also, I see the stock travelling within a band as shown. Does it have any significance?
Thanks
Indigo Books and Music Inc. This chart shows the drop in stock price for Chapter Indigo in 2011–12. At the time, the company sold far less books than in previous years, and was being sustained by e-reader sales. Since then, it has seen an increase in sales in all of the company's departments.
