📊 Chart Overview
Current Market Price (CMP): ₹5,390.00
Day's Range: ₹5,241.50 – ₹5,408.00
Change: +₹119.00 (+2.26%)
Support Level: ₹5,210.70 (marked on chart)
🔍 Technical Insights
Support Retest at ₹5,210:
Strong support level at ₹5,210 has been successfully retested multiple times.
Recent dip bounced cleanly from this support—bullish signal.
Sideways Consolidation (Range):
The stock has been consolidating between ₹5,200–₹5,600.
Current move from support suggests another attempt toward the upper band.
Price Action:
Long lower wick candles near support indicate buying interest at dips.
Friday’s green candle shows a strong bullish response from buyers.
Volume Confirmation:
Spike in volume on the bounce from ₹5,210 supports bullish outlook.
Need follow-up volume in coming days for a confirmed move.
✅ Buying Strategy
Entry Option 1: Range Trade
Buy Now (~₹5,390)
Target: ₹5,580–₹5,600 (range top)
SL: ₹5,190 (just below support zone)
Entry Option 2: Breakout Trade
Buy on breakout above ₹5,600
Retest Buy: If breakout occurs, enter on a dip back to ₹5,550–₹5,580
Target: ₹5,850 → ₹6,000+
SL: ₹5,470
⚠️ Risk Watch
Breakdown below ₹5,200 with volume invalidates bullish bias.
This is a sideways zone—avoid over-leverage until a breakout.
Watch broader market and sector sentiment (aviation-related news or crude oil prices can impact INDIGO).
Current Market Price (CMP): ₹5,390.00
Day's Range: ₹5,241.50 – ₹5,408.00
Change: +₹119.00 (+2.26%)
Support Level: ₹5,210.70 (marked on chart)
🔍 Technical Insights
Support Retest at ₹5,210:
Strong support level at ₹5,210 has been successfully retested multiple times.
Recent dip bounced cleanly from this support—bullish signal.
Sideways Consolidation (Range):
The stock has been consolidating between ₹5,200–₹5,600.
Current move from support suggests another attempt toward the upper band.
Price Action:
Long lower wick candles near support indicate buying interest at dips.
Friday’s green candle shows a strong bullish response from buyers.
Volume Confirmation:
Spike in volume on the bounce from ₹5,210 supports bullish outlook.
Need follow-up volume in coming days for a confirmed move.
✅ Buying Strategy
Entry Option 1: Range Trade
Buy Now (~₹5,390)
Target: ₹5,580–₹5,600 (range top)
SL: ₹5,190 (just below support zone)
Entry Option 2: Breakout Trade
Buy on breakout above ₹5,600
Retest Buy: If breakout occurs, enter on a dip back to ₹5,550–₹5,580
Target: ₹5,850 → ₹6,000+
SL: ₹5,470
⚠️ Risk Watch
Breakdown below ₹5,200 with volume invalidates bullish bias.
This is a sideways zone—avoid over-leverage until a breakout.
Watch broader market and sector sentiment (aviation-related news or crude oil prices can impact INDIGO).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.