vikasjournalist

Indigo has corrected a lot and it's time to keep an eye on stock

Long
NSE:INDIGO   INTERGLOBE AVIATIO
Indigo has corrected almost 30 % and now it seems to approaching towards the circle area on the Gann fan and 0.5 Fibonacci entrancement level. Don't be in hurry to buy but be in wait and watch mode. In the next 2 months once the effect of Corona virus is done with, being a market leader it will be in the position to take advantage of lower oil prices. However, it's not a short-term trade but those who have medium term view, they can start buying on dips and accumulating.

If you are patient enough to hold for an year, this can give good return.

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