Indigo Downtrend taken and rangebound
We shared indigo on Saturday
1. 1535 looks big support, it respected today despite market fall
2. 1565 looks upper side resistance for sometime.
3. Investors may look to buy only above 1565 for 1596
4. Traders may buy on dips at 1535 for max 1565 ( trading between the lines )
5. market looks bearish , any fall below 1520 can take it deep down.
***I myself have indigo stuck at 1600 avg levels,but it is a long term investment so i am not selling it ***
**I am adding it on dips , please add according to your risk capacity****
Always for going long
1. look for MACD to green
2. look for RSI to go above 40( or 26 if buying at support)
3. Look for SQZMOM turnover
4. Look for VWAP
5. Volume should never be forgotten.
For Educational purpose!!
1. 1535 looks big support, it respected today despite market fall
2. 1565 looks upper side resistance for sometime.
3. Investors may look to buy only above 1565 for 1596
4. Traders may buy on dips at 1535 for max 1565 ( trading between the lines )
5. market looks bearish , any fall below 1520 can take it deep down.
***I myself have indigo stuck at 1600 avg levels,but it is a long term investment so i am not selling it ***
**I am adding it on dips , please add according to your risk capacity****
Always for going long
1. look for MACD to green
2. look for RSI to go above 40( or 26 if buying at support)
3. Look for SQZMOM turnover
4. Look for VWAP
5. Volume should never be forgotten.
For Educational purpose!!
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