Thursday, March 2, 2023

Rationale report – 02.03.2023


(1)         INDIGO -

Ø Buy price : 1866 & 1850

Ø Strong Support : 1840

Ø Resistance price : 1888 – 1903

Reasons for Buy Recommended –

Over the past three years, IndiGo has achieved a profit growth of 50.38%. The company's strategic shift towards international expansion and premium services may offer growth opportunities.

IndiGo demonstrates strong technical indicators and robust revenue growth. The company's revenue has increased by 67.58% during the same period.


 

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