Downtrend channel breakout in INDIGO for target of 1815+

4 בפבר׳ 2021

Since last 1-month trading session INDIGO consolidating in downtrend parallel channel. In today's session, we have seen the breakout of this parallel channel. After breakout expected next, the immediate target will be 1780 and 1815+ in the upcoming trading session. Good stock to go long above 1670 with last swing low stop loss at 1640. This trade can give minimum 1:3+ risk reward.