New Delhi: Stock Market expert Arun Mantri has recommended buying shares of IndiGo. The expert has also shared the share price target and Stop Loss to be maintained on the counter for the short term. Mantri said “IndiGo stock has been in the momentum from past few trading months and is looking strong on the charts.”
Indigo share price target
Giving a Buy rating on InterGlobe Aviation share, Mantri suggested that short term traders may look to enter the counter on dips around Rs 4,150 levels and stop loss can be kept below Rs 4,090 mark. The investors can set the target price of Rs 4,400 plus levels. On Friday, June 28, 2024, the aviation stock closed at Rs 4,227 apiece on the Bombay Stock Exchange (BSE).
Indigo share price support and resistance
The stock market expert gave his view on Indigo’s share price support and resistance levels. According to the founder of Mantri Finmart, the overall trend of the counter is bullish and is trading well above the major moving averages. According to him, currently, IndiGo support price coincides with its 50 Days Moving Average (50 DMA). Mantri said, “The support for the stock is around Rs 4090-4120 where the 50-DMA is placed.” According to him, if the stock dips below Rs 4,090 then the next support level is at Rs 4,050.
While, InterGlobe Aviation share price next resistance level is almost five per cent above than the stock’s current price of Rs 4,227. He said, “The resistance is around 4420-4470 levels.”
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Indigo share price history
The aviation stock is down two per cent in the past five days
The stock is up five per cent in past 30 days
The scrip has skyrocketed 43 per cent in the past six months
Indigo share price has shot up 61 per cent in the past one year
Indigo is the leading aviation company in India boasting of market share of 61.6 per cent as of May 2024, as per latest data released by the Directorate General of Civil Aviation (DGCA).
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Stock market expert Arun Mantri is bullish on InterGlobe Aviation share price. He said, “IndiGo stock has been in the momentum from past few trading months and is looking strong on the charts.” Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
