Indigo Airlines - Launch on results towards 3000

May 6, 2023

• Many stocks have rallied hard after good results in indian markets
  
• Indigo has been in a trading range for close to 2 years without any major triggers
  
• Results, fundamental outlook in terms of crude and travel could be key catalysts
  
• Take a small position before results and a full position right after results if they are good
  
• If results are not great, can still exit at a small loss
  
  Expect this stock to go closer to 3000 in 3-6 months and hence this is a positional stock buy. Can also sell some put credit spreads close to results on elevated implied vols
  

Jun 12, 2023

Trade active

* Continue to hold longs, if you are long. There was a shakeout today as the promoter is selling some stake (this is very normal and will impact the stock for a few days)
* Would recommend buying around the 2350 mark if not already long for a target of 2600 or beyond
* Fundamentals are definetely good for the airline stocks in India - there is no reason to get out early. Continue holding

Jun 13, 2023

Trade closed: target reached

Stock is still positive - but reacting badly to the stock sale news. Will exit at breakeven and look to get in sometime once the stock settles down