kumarashish10

Indigo- Wait for a dip and buy for good gains

Long
NSE:INDIGO   INTERGLOBE AVIATIO
CMP 1754.
Has consolidated a lot for the past 4 month with very strong resistance and support tested multiple times.
Should test the support of 1500 again and then buy for first target of 1780 and second target of 1900 within 2 months.
The easing of lockdown will be an enabler in July and might give a very quick breakout.

NOT AND INVESTMENT ADVISORY BUT ANALYSIS FOR SELF BUYING.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.