INDIGO SANDWITCHED BETWEEN This stock is in consolidation causes of sandwiched between support and resistances trend is obviousely bullish and can break resistance.
INDIGO trade ideas
INDIGO S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
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 (Interglobe Aviation)Stock is in Bullish trend from December 2023 after it crossed 2725 level and reached 4609 which is 69% upside with in 6 months.
this stock has potential to reach 10,000 levels as this company is the largest domestic flights operator in India
Stock can be accumulated 4105 levels
Short term traders
Entry Levels - 4030 - 4150
Best support level - 4105
Stop Loss - 3870 (Strictly maintain)
First Target - 4434
other Target -4609 / 4909 / 5407
Long term investors can accumulate in dips and wait for 10,000 target in 1-2 years
Kindly consult your financial adviser before investing. this idea is for observation & education purpose only and do not recommend to trade
Indigo - Breakout AlertINTERGLOBE AVIATION LTD
Breakout of a big base in Daily timeframe.
High Trade and Delivery Quantity
Increasing Relative Strength
Within 52 week High Zone
Outperforming Sectoral Index
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Triangular break out in Indigo and a potential for 25 cent gain!Recent triangular break out in NSE:INDIGO on 6 months chart and the scrip trading at all time high suggests a price target of 5420 - 5480. It has recent spurt in volumes and a great ADX of more than 50.
Indigo has reported highest ever revenue of 712 Bn rupees, besides a healthy net profit margin of 11.9%. Besides this operationally too, aviation turbine fuel prices a.k.a jet fuel prices are at pre mid 2022 level.
Load factory a.k.a occupancy increased from 82% to 85% besides having a market share of ~62% and their capacity is expected to grow at 10-12% in 2025. It has ordered new 30 Airbus A350-900s in June to increase its international business to regional hubs. DIIs and FIIs have increased their share by more than 10% together in the last financial year alone i.e FY 23-24 while the promoters decreased their holding percentage. With an ROCE 0f over 25%, it is available at a PE of 23.3.
The only concern is debt to equity of 0.98, but that is to ensure expansion and purchase of aircrafts quite critical for their capacity expansion particularly in the international segment!
All the above point to a returns potential of 20-25% in the next two quarters or mostly by end of the calendar Year 2024!
Review and plan for 23rd August 2024Nifty future and banknifty future analysis and intraday plan in kannada.
stock idea- included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
INDIGO Price Action Analysis | Price can be touch 3940 The INDIGO price chart reveals a significant uptrend, indicating strong bullish momentum. Recent candlestick patterns show sustained buying pressure, with minimal corrections and price can be touch 3940.
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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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
InterGlobe Aviation-1-Go long-Mide Term ViewInterGlobe Aviation: CMP:3286.80; RSI: 61.0
Script is availabel at very reasonable price. As per Elliot wave analysis the script is middle of 3rd wave pattern formation, which will strech to the first target of Rs: 3830 & final may culminate at 4246, before a wave 4 correction starts.
The mid term target is poised at upwards breakout once close above 3342 (Resistance 1) on closing basis; Second round resistance will be faced at 3468 (Resistance 2)
Target 1: 3830 (2M) ; Target 2: 4246 (2.5M)
Accumulation Zone: 3265-3240 ; Stop Loss: 3226; Suport Level : 3142 & 3016.
Bearish wedges breakdown with bearish divergence. Interglobe aviation is breaking down from a bearish wedges pattern with classic bearish divergence of Higher High and Higher Low.
Targets: 3930 / 3800
INDIGO DAILY ANALYSIS FOR POSITIONAL LONGINDIGO at major price support also with trend line support so its good for long postional stoploss below trendline for the target of upper trendline
INDIGO shared @ 3300 Made 26% in Just 1 month !!NSE:INDIGO shared as BO levels and after multiple pullbacks it reached to a new high of 4180, means almost 27% in just one month time.
Its time to trail, Happy trading !!
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.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
INDIGO Zooooooom 16% exactly from Support 🚀🚀🚀🚀🚀NSE:INDIGO shared few days ago with key levels and it zooomed 16%.
Book/Trail to save the profits !!
INDIGO BO!!NSE:INDIGO recently made ATH and now retesting the same level,
Given all support, trend, resistance levels.
Sustaining above BO levels will give new higher levels.
Keep in your watchlist.
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Descending Triangle pattern breakout in INDIGOINTERGLOBE AVIATION LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3240+.
✅Can Go Long in this Stock by placing a stop loss below 3040-.
INDIGO Looks good for swing consolidating after a volatile price maybe break either side most probably upmove will be there.
Auropharma giving positive vibes on Hourly and Fifteen mins TFAuropharma is looking on the verge of a breakout due to following reasons:
1. Monthly, Weekly, Daily, Hourly RSI >60.
2. Ascending Triangle formation on hourly/ 15mins chart.
3. 15mins RSI is flirting around 60 which shows the underlying strength.
4. Volume profile shows accumulation is almost complete at slightly lower levels.
5. Underlying current in the pharma sector.
6. Underlying strength in the stock market.
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
INDIGO LONG (W) Indigo is long buy bet, trading around the range of ATH that is 2745. in the last hours of closing we have a seen a volume buying in stock on both daily and weekly chart.
an hourly breakout about 2750 can lead this stock towards 2900/3000 levels
INDIGO LONGAs seen on both weekly and monthly chart Indigo is showing strength both technically & fundamentally.
I am seeing Indigo a good long call above the level of 2640-2650. A strong candle at this level can make this stock to move 100-200 points i.e
T1- 2740
T2- 2830
T3- 2920
LOOKING FOR SUPPORT AT 2560-2580 LEVEL ONCE IT SUSTAIN ABOVE 2640 LEVEL
