- Indigo has been trading in a channel since the 10th of November 2020 (1500-1790) possibly due to COVID and the near term outlook of the industry being a factor.
- However, since the last week of April, its been in a steady uptrend, and is now back at the top of the channel (1785-1830 almost a 2.5% zone)
- Owing to the long consolidation period and the fact that second wave is more or less under control, we could see Indigo testing previous high of 1900 in the coming sessions if the zone is broken.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Looking forward to the next session for a better picture. Still slightly bullish.