NSE:INDIGO   INTERGLOBE AVIATIO
indigo has given close showing the sign of a break out in cup and handle pattern breakout and retest of trendline. But on the other hand it has faced resistance at the harmonic levels drawn in the chart AB=CD , handle depth 14% and pullback 13.8%and the history of the trendline is not trustworthy as couple of times it has rashed after a confirmed breakout in weekly chart, since this is a weekly chart, monday opening and closing will be interesting which might indicate the trend direction, for the longs, correction must be over to resume the uptrend and for the bears it must open below the trendline or price closes below the trendline in a daily chart. add this counter your watchlist.
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