INDIGO Go INDIA GO.... LOWER RIME FRAMESWING TRADE
BUY 1046-1125
SL 942.85
Target 1320/1557
Expect this to breakout of its long term down trend so some quick gains to be made . May just chill for a while so buy on breakout if you dont want to block your money .
thought since life is getting back to normal and flying most likely to resume its time all the socially distanced stocks got some attention.
1105 hovering around that at present might dip to the yellow line however 1074 i'd go all in and let it fly ....
50 and 21 are coming up to 1046 to offer support so shall hold for sure over there my only thing is it might get front tun so hop onboard before.
Good for Intra day on breakout and retest
INDIGO trade ideas
INDIGO IS BEARISH TILL IT BREAKS ABOVE THE ZONE 1150 - 1298I remain bearish on this stock until it closes above the resistance zone from 1150 -1298
At present, it's under the kind of a flat correction and trying to reach closer to the falling trend line.
My preference is to short it around 1150 and place the stop above 1300.
Sell Target 1 is at 888
Sell Target 2 is at 708