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 trade ideas
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 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
Wave V of 3 in INDIGOThe airline company is seen trying to begin the wave iii of V of 3 in an attempt to go past previous ATH and then towards the 3K mark.
It should also be noted that Indian airlines will operate a total of 23,732 flights every week during the winter schedule( approved by the Directorate General of Civil Aviation (DGCA). As per the new order, the said number of departures is an 8 per cent rise in the number of flights compared to a year ago period.
Since indigo is the largest Indian passenger carrier it will benefit from this upbeat schedule.
It presents a good trading set up with excellent RR
SL- 2390
TGT- 2790
Broadening Wedge Pattern breakout in INDIGOINTERGLOBE AVIATION LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Broadening Wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2475+.
✅Can Go Long in this stock by placing a stop loss below 2380-.
Double Bottom Reversal in INTERGLOBEINTERGLOBE AVIATION
Key highlights: 💡⚡
📊On 1Hour Time Frame Stock Showing Reversal of Double Bottom Pattern .
📊 It can give movement upto the Reversal target of Above 2600 +.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2670+.
📊 Can Go Short in this stock by placing stop loss below 2370- or last swing Low.
INDIGO BREAKOUT TRADING IDEAAs we can see after a 4-month breakout with a bullish candlestick pattern
RSI 64.26 towards an upward direction
HV 26
let's retrace as per shown on the chart whereas, on 15 min chart, you'll see a shooting star and an evening star which indicates slide retracement
so plan accordingly.
enty and exit levels
2080
sl 2020 to 2000 (2.80%)
taget 2230 (8%)
RR 2.70%
educational purpose only!