INDIGO CASE STUDY

Indigo spot cmp 2620
weekly time frame
Harmonic study

Bearish butterfly pattern formation
PRZ in range 2620-2650
Price rejection is observed at weekly high levels,
high price of last week and current week are almost same,
Till we dont get any breakout above this levels, counter have probability to retrace,
bulls need to be cautious at the moment,,

keep watch