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TradZoo
Nov 9, 2021 1:36 PM

Broadening Wedge Pattern in INDIGO projected 2370+ target 做多

INTERGLOBE AVIATIONSE

描述

In 30 minutes time frame,
INDIGO showing consolidation zone and creating broadening wedge pattern. Currently it's trading near the support level of this pattern. So most chances there have a reversal from this support level. There have 2 possible entry's in this stock as below:

1) Reversal Entry:-
Can take entry near support level with targets upto the resistance level. Possible it will face resistance level near 2260(nearly 100+ points). For this trade can place stop loss below support level. Also, Can hold this trade with trailing stop loss for breakout entry.

2) Breakout Entry:-
Once this stock reached it's resistance level there have chances of breakout. Once this gives breakout can go long for target of 2370+ with stop loss below resistance level.

Disclaimer:
Consider this post as an education purpose. Before taking any trade always consult with your financial advisor. All mentioned patterns and levels are based on probability and previous history. Don't consider it as a surely. Always trade with risk management.
评论
morbidTortoise67939
Very nice analysis, Any view on VIPIND?
suryakantb196
Analysis is extremely encouraging and educative
amitmaneconnect
your analysis superb... on 12 nov INDIGO touched high of 2324 ... will it move towards 2370+/2400 in coming session or will consolidate here
TradZoo
@amitmaneconnect, Expected today it will hit upside target level
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