INDIGO - Interglobe Aviation Ltd. - Break Out Opportunity

vicky252 Updated   
Date: 5-Oct-2023
Rating: Buy
LTP: Rs. 2473.40
Target: Rs. 2745++
Exit Plan: Follow the 7D/13D EMA cross down on closing basis.

INDIGO has given a break out from its current short term down trend with high volume. Has closed above 20D MA. 7D EMA has crossed 13D EMA. RSI is above 50 and MACD has crossed over the signal line. All these indicates that INDIGO is ready to fly and further up move will be seen with a possibility of new lifetime high.

INDIGO can also be looked from long term perspective with a horizon of 3/5 years. Also time to accumulate more if already going long in this.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Target 2745 reached.

Next Target 3000.
17% up from suggested level.
Target 2 of Rs. 3,000 achieved. 21% up from suggested level. Still showing strong momentum.

NEXT TARGET: Rs. 3,411
Updates: 13-Feb-2024
MSCI has announced to increase weightage of INDIGO in its index starting 29-Feb which will lead some inflow of passive FII funds. Hope to see some reversal in coming sessions.

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