Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
InterGlobe Aviation (INDIGO) is experiencing a strong bullish trend, trading around 5087. The Three White Soldiers pattern confirms the continuation of the upward momentum. The RSI at 76 indicates the stock is overbought, suggesting a potential for a short-term correction. The MACD line is significantly above the signal line, highlighting strong upward momentum. The stock is trading above all major moving averages, signaling sustained bullish pressure. Support is observed around the 5005 level, while resistance is near 5190. The ADX indicates a moderate trend strength. The consistent delivery percentages, particularly the recent sessions above 50%, suggest strong investor participation. The rising VWAP trend indicates strong buying interest. The ATR indicates high volatility, so traders should be prepared for potential price swings. The overbought Stochastic and Stochastic RSI reinforce the potential for a short-term correction, but the positive CCI and Awesome Oscillator further validate the bullish trend. The Ultimate Oscillator also supports the bullish momentum.