INDIGO | THE BTF DAILY BLOCK IS STILL DEVELOPINGInterGlobe Aviation LtdNSE:INDIGOBallaJi 🧠#Crude #oil has suffered a sharp selloff, and airline stocks are attracting renewed attention as the market reassesses the outlook for fuel costs. But the more interesting story may be unfolding on the chart. **IndiGo's BTF Daily Trend has transitioned from bearish to bullish**, with successive green daily blocks illustrating the recovery. Despite the recent sharp advance, price remains within the developing bullish Daily BTF block, while the 18-day SMA near ₹4,790 provides a broader directional reference. ### What about the next few sessions? In strong directional markets, BTF's projected extensions help identify areas where a trend *could* progress. The **T2 extension (1.618)** provides a useful longer-range reference beyond the current daily block. It is not a guaranteed destination, nor necessarily a target for today's session. **What would weaken the thesis?** A sustained loss of the developing bullish structure, particularly a reversal through the daily value zone, would warrant reassessment. **The lesson:** An explosive move doesn't automatically mean the trend has exhausted itself. Equally, a bullish block doesn't guarantee continuation. BTF helps visualise the developing trend, its value zones and projected extensions — allowing traders to assess structure rather than chase individual candles. 🧠**BTF Daily Trend — BallaJi** Free indicator available on TradingView. *Educational market analysis. Developing daily blocks can change before confirmation. Projections are not trading signals.* #INDIGO #InterGlobeAviation #NSE #IndianStocks #CrudeOil #TechnicalAnalysis #TrendFollowing #TradingView #BTFDailyTrend