Chart Update: Interglobe Aviation (Indigo)

INTERGLOBE AVIATION
INDIGO: CMP 878.

Aviation sector looks positive overall, since CRUDE has crashed below 50$ on NYMEX.
Great Investor Warren Buffett has already expressed that Aviation can move well going forward.

indigo
INDIGO is trading in a Triangle and trend-line channel, Any close above 893 triggers a breakout. From highs of almost 1400 the stock went as low as 698 I believe targets of close to 1100 can be easily achievable given the crash in crude. Ideal SL should be around 845.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Interglobe Aviation Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

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