Indigo Weekly Chart

Picked the stock from StockEdge sector rotation.

Uptrend from August 2020 to Nov 2021.
Then formed a Falling Wedge with W pattern.
Second bottom lower than first bottom.
Buy was triggered on 1st August 2022. But it was a long bar.
Formed a cup from August to January 2023
Price now 5.4% away from 9 Week moving average for a target 14 % to 20%.
Risk to reward looks good.

Cons :
Eliott oscillator green
CCI green
Stochastic black bar on top
RS is positive with green as of now.

Pros:
I prefer 2% near 9 moving averages