rdkriplani

Indigo - Breakout oppostunity

NSE:INDIGO   INTERGLOBE AVIATIO
With Go First going under..and Spice also burdened by heavy debt..the govt has to act quickly to fix the sector..
We cannot charge insane taxes on ATF like we have been doing. (Among the highest in the world)..
OR we bring it under GST.

Indigo eithey way stands to benefit from whatever happens..since its a market leader by a margin..

Long above 2185 with a stoploss below 2080...
If there is have a longer term view then below 1800.

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.