Indigo seems to have entered a distribution phase. It enjoyed a stupendous rally on the back of Jetairways
going kaput. The Rsi
has given confirmation on the weekly charts and it would be wise to book profits on longs. With crude rising the party in Indigo might come to a temporary pause.It might touch levels of 1400 -1332 in the short run. The Fibonacci retracement
might be used to see potential levels.