Stock Radar: Reserve your window seat! Allocate 50% funds in this airline stock now & balance on dips
Synopsis
Investors can look to buy the stock now at around Rs 2,000 or on dips for a long-term target of Rs 2,500 which will result in a fresh 52-week high for the airline stock in the next 6-12 months, suggest experts.
InterGlobe Aviation (IndiGo), which has already rallied more than 36 per cent from its recent June 2022 low, could see another spurt if it manages to stay above Rs 2,050 which is the neckline of a double bottom pattern, suggest experts.
The airline stock bounced back after hitting a low of Rs 1,513 on 20 June 2022. The stock closed at Rs 2,066 on 8 August which translates into an upside of over 36 per cent.
The momentum helped the stock to
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