INDIGO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of InterGlobe Aviation Ltd (INDIGO)

📊 Trend Overview

Phase: Reversing with bearish momentum

Price Action: Trading below the 50-DMA (₹5,763) but above the 200-DMA (₹5,251), indicating short-term weakness within a broader uptrend.

Volume: Below average (4.78L vs 5.79L), suggesting reduced participation and fading momentum.

📈 Momentum Indicators

RSI (45.4): Weak zone — momentum is softening, approaching oversold territory.

MACD (-42.6): Deeply negative — confirms bearish momentum and lack of short-term strength.

Bollinger Bands: Price likely near the lower band, indicating oversold conditions and potential for a technical bounce.

🧭 Chart Patterns

Double Top Formation: Price rejection near ₹6,232 suggests a bearish reversal pattern.

Breakdown Structure: Failure to hold above 50-DMA reinforces short-term weakness and trend reversal signals.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 5,600 Minor pullback zone

Support 2 5,251 200-DMA, long-term support

Support 3 4,900 Previous swing low

Resistance 1 5,763 50-DMA, short-term ceiling

Resistance 2 6,000 Psychological level

Major Resistance 6,232 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹5,250–₹5,400 (on dips with reversal confirmation)

Short-Term Target: ₹5,763–₹6,000

Exit Zone / Stop-Loss: ₹5,100 (below 200-DMA)

🔄 Short-Term Outlook

Momentum: Weak and declining

Bias: Bearish below ₹5,763; neutral-to-bullish only above ₹6,000

Phase: Reversing — with potential for base formation near 200-DMA

🧠 Key Takeaways

INDIGO is showing signs of short-term weakness despite strong long-term fundamentals.

RSI and MACD confirm bearish momentum, while price action suggests a possible retest of 200-DMA support.

A close above ₹5,763 with volume could revive bullish sentiment and open upside toward ₹6,000–₹6,232.

Let me know if you’d like a chart visualization or screener of similar aviation sector setups.

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