Indigo - Bottoming out

٣ فبراير ٢٠٢٠

With crude beginning to cool off dramatically and indian aviation with an approx utilisation of over 85%. The top airlines are increasing capacity and input costs are going down.

Indigo has bounced off a key fibo level.

Long at CMP. SL below 1328. If you are in it position and long term then SL goes deeper below the yellow support zone.