The daily and hourly momentum indicators provide divergent signals and in such a scenario a consolidation appears with high probability. Contraction of the Bollinger bands also supports our sideways outlook on the Index. The range of consolidation is likely to be 19,500 – 20,100 from a short-term perspective.
IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest?
IndiGo Share Price: InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY.