INDIGO – Calm Under Pressure | Demand Zone Commands Respect

💹 InterGlobe Aviation Ltd (NSE: INDIGO)
Sector: Aviation & Transport Services | CMP: ₹5,782.50 | View: Descending Structure + Demand Zone Reaction
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📊 Price Action
InterGlobe Aviation continues to move within a descending structure, maintaining a controlled series of lower highs under the falling red trendline.
Each time the stock has dipped, it has found support around the ₹5,450–₹5,650 demand zone, a region that has consistently attracted buying interest.
The latest daily candle shows renewed strength emerging from this zone, supported by a clear rise in volume — indicating that the market continues to respect this level.
On the daily chart, IndiGo has formed a descending triangle, and at the far end of this structure lies a well-defined demand zone, suggesting that the stock may be preparing for a possible directional move in the near future.
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🧭 Support & Resistance
Support 1: ₹5,663 | Support 2: ₹5,523 | Support 3: ₹5,450
Resistance 1: ₹5,855 | Resistance 2: ₹5,928 | Resistance 3: ₹6,058
Price continues to oscillate between a firm demand base and a declining resistance line, reflecting ongoing compression before expansion.
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🧠 STWP Technical Note
The internal readings indicate a balanced phase — neither overly bullish nor weak.
Volume behaviour remains steady near the base, with improving momentum signatures.
Several key internal parameters have begun aligning positively, but the setup still awaits broader confirmation. ________________________________________
🎯 Final Outlook
IndiGo currently stands at a critical juncture — price is testing the limits of its descending structure while buyers continue to defend the lower band.
Momentum is beginning to build, and volume expansion near the base reinforces confidence in the demand zone.
As long as price respects ₹5,600 and holds above the demand base, the chart maintains a neutral-to-positive bias, with scope for a gradual shift toward the upper range of the pattern.
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⚠️ Disclosure & Disclaimer – Please Read Carefully
This post is created purely for educational and informational purposes and does not constitute investment advice or a buy/sell recommendation.
I am not a SEBI-registered investment adviser. All observations are based on technical studies and publicly available information.
Trading and investing involve risk; please manage position size and stop-loss discipline as per your risk profile.
Always consult a SEBI-registered financial advisor before making trading decisions.
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Position Status: No active position in (INDIGO) at the time of analysis.
Data Source: TradingView & NSE India
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