Timeframe: Daily
After making a low of 1512, NSE INDIGO has accomplished the corrective wave and started constructing impulsive waves. I labeled it ABC, but levels will be updated after confirmation.
The price is currently forming impulsive wave C, where it has reached 100% Fibonacci extension of the previous move. The 50 and 100 EMAs are showing a bullish atmosphere. However, Indigo has faced a strong supply from wave B, and a breakout of wave B will signal a bullish move.
If the price sustains above wave (3), traders can buy for the following targets: 2120 – 2160 – 2240.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Good insight and accurate wave count.
How to open the hide box and login.
Brilliant work!
I’m having eye on same stuff
Great Pick