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Buy INDIGO Ltd CMP : 4572 SL 4300  Target 5120 Duration : 1-3 Months 

Key Triggers:

* India's domestic PAXS grew 11% YOY in Jan 25 to 14.6m. INDIGO reported a strong performance, carrying 9.5m passengers, reflecting a 20% YoY increase and showcasing its expanding reach and growing demand. 

* INDIGO further strengthened its leadership with a market share of 65.2% rising 490bps YoY. It has maintained 60% share since the collapse of GoFirst, benefiting from sustained capacity expansion. 

* INDIGO expanded its network, adding 4 international and 2 domestic destinations, working relentlessly to enhance its international presence and adjusting schedules to reassure customers. 

Technical View:

* Stock has retested its breakout from a triangle pattern and bounced up with a large bodied bullish candlestick. 

* It has been making higher lows formation on the weekly scale confirming the bullish sentiment. 

* The RSI Indicator is rising confirming the upward momentum

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