INDIGO - Ready to Fly AgainDate : 24-Dec-2024
LTP : Rs. 4,612.25
Targets: (T1) Rs. 4,788 --> (T2) Rs. 5,035 --> (T3) Rs. 5,780
SL : Rs. 4,193
Technical View:
• NSE:INDIGO is in strong primary uptrend and was recently going through secondary downtrend within primary uptrend.
• After touching a high of 5,035 on 12-Sep-2024, NSE:INDIGO has retraced 24% to 3,830 level.
• NSE:INDIGO has given breakout from it's secondary downtrend with higher than average volume on 24-Dec-2024.
• NSE:INDIGO is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has also crossed over 50 DEMA.
• RSI is trading at 69.15 and MACD is trading at 58.13.
• Ready to fly again. Fasten your seat belt.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
