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Vipul Ramaiya

10th Feb 2025 · SEBI-Registered Analyst

INDIGO - Signs of a H&S Top

INDIGO
Price action on the daily chart resembles a potential head & shoulders top formation, with pattern neckline support coming in around the 3,800 - 3,900 zone. At the moment, recent price action post earnings resembles a complex right-shoulder formation of the larger-degree top. Consider reducing exposure as a violation of the neckline support (3,800 - 3,900) may open the door to a meaningful correction.

#WatchOutFor#StockInNews#TechnicalViews#Pre-OpeningCommentary#TimeToExit
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