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
Indigochart
INDIGO LOOKS SELL INDIGO LOOKS SELL NEAR 1736 SL ABOVE 1782 TGT 1 : 1691 TGT 2 :1655 TGT 3 :1626.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses