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rdkriplani
Feb 3, 2020 8:32 PM

Indigo - Bottoming out Long

INTERGLOBE AVIATIONSE

Description

With crude beginning to cool off dramatically and indian aviation with an approx utilisation of over 85%. The top airlines are increasing capacity and input costs are going down.

Indigo has bounced off a key fibo level.

Long at CMP. SL below 1328. If you are in it position and long term then SL goes deeper below the yellow support zone.
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