Indigo, SpiceJet are on a breakout and ready to fly higher, charts suggest

A surprising spurt on Indigo share, the Spicejet crossing the resistance indicate breakout in progress.

Shares of Interglobe Aviation, the paremt company of IndiGo gained over 5 per cent in noon deals on Tuesday, a day before the airline starts operating its Hyderabad-Aurangabad flight. The coronavirus-enforced lockdown in late March had led to the suspension of domestic as well as international flights and services were partially restored only in May-end. READ MORE HERE

On the other hand, SpiceJet has plans to induct a wide-body Airbus A340 freighter, which will allow it to operate non-stop flights to Africa, Europe and the Commonwealth of Independent States (CIS) countries. READ ABOUT IT HERE