gmaster29

Indigo - Breakout Zone

Long
gmaster29 Updated   
NSE:INDIGO   INTERGLOBE AVIATIO
Indigo Arilines In 2nd consolidation phase now. Its testing the resistance at higher levels of the box, if it breaks those levels, can expect another major bull run. But mostly I believe it will be rejected and again it will chop within the box sideways for some more time. Short term bearish, long term bullish.
Comment:
Indigo tried to break out out the box last week, but quickly lost momentum. Expect to consolidate within the box for some more time.

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