rdkriplani

Indigo - Crude falling

NSE:INDIGO   INTERGLOBE AVIATIO
With crude falling from the top and the trend thus far seeming negative..Aviation could get a good boost..
With most of Indigo's competition (except Tata's) on super weak footing thanks to the losses during high ATF prices Indigo now has a very dominant position in the market.

There is a nice tight consolidation happenning and if it can break out..
Long above 2135/2140 with a stoploss below 2075

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.