INDIGO (Interglobe Aviation)

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Prices have bounced from its up-sloping trendline support along with the Daily RSI bouncing from Oversold level.

This week, prices broke out of its consolidation, and has also cleared a Gap Area resistance on the Daily Chart.

Prices could now test 2300 in the near term, where multiple resistances coincide.

A Daily Close below Rs.1800 would negate the strength.
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Trend Analysis

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