rdkriplani

Indigo Airlines - Short developing

Short
NSE:INDIGO   INTERGLOBE AVIATIO
As countries around the world start shutting India out because of our high cases Airline travel will start to suffer even more. The crude prices are not helping either.
Indigo has been in a box for a while now and could break down from this box.
Short below 1500 with a 3% stoploss of approx 1545/1550.
First target 1420 and then potentially 1275.

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