Many stocks have rallied hard after good results in indian markets
Indigo has been in a trading range for close to 2 years without any major triggers
Results, fundamental outlook in terms of crude and travel could be key catalysts
Take a small position before results and a full position right after results if they are good
If results are not great, can still exit at a small loss
Expect this stock to go closer to 3000 in 3-6 months and hence this is a positional stock buy. Can also sell some put credit spreads close to results on elevated implied vols
Trade aktif
* Continue to hold longs, if you are long. There was a shakeout today as the promoter is selling some stake (this is very normal and will impact the stock for a few days) * Would recommend buying around the 2350 mark if not already long for a target of 2600 or beyond * Fundamentals are definetely good for the airline stocks in India - there is no reason to get out early. Continue holding
Trading ditutup: target tercapai
Stock is still positive - but reacting badly to the stock sale news. Will exit at breakeven and look to get in sometime once the stock settles down
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