Stock of the day - IndiGo Ltd Target Rs. 185

2026-10-09 11:38:15 am | Source: Religare Broking Ltd

Stock of the day - IndiGo Ltd Target Rs. 185 - Religare Broking Ltd

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IndiGo Ltd

BUY 4800 PE IndiGo Ltd CMP (Rs) 125.45 Range* 120-126 SL 90 Target 185

* INDIGO is exhibiting a bearish structure after failing to sustain above the key double-top resistance, signaling renewed selling pressure.

* Price remains below the short to medium-term moving averages, keeping the trend vulnerable.

* The formation of a lower high further confirms weakening momentum, while the breakdown below the rising trendline reinforces the negative outlook.

* Traders may consider buying ATM Put options for downside participation.

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Stock of the day - IndiGo Ltd Target Rs. 185 - Religare Broking Ltd

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