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-.
Market insights
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!
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound.
Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
INDIGO - Trade set up INDIGO- Trade set up idea 💡
Breakout of trendline with retracement on daily chart
CMP 2040
Resistance 2065
TGT 2080-2280-2380
Sl at 1960 for short term and 1890 for long term
Can be a confirm trade above 2100
Note : Not a recommendation but just a idea 💡 can be a profitable trade .. do your own research and analysis before investing






















