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InterGlobe Aviation and SpiceJet are ready to fly higher, show charts

Indigo is set to move towards its new all time high, while SpiceJet has absorbed selling pressure around higher levels

Topics
stocks technical analysis | technical charts | Chart Reading

Avdhut Bagkar  |  Mumbai 

At a time when the benchmark indices -- S&P BSE Sensex and NSE's Nifty50 -- are hovering around 37,200 and 11,000 levels and have remained mostly flat thus fgar in September, aviation stocks such as InterGlobe Aviation (parent company of IndiGo) and SpiceJet are showing a decent formation on the technical charts.

While InterGlobe Aviation is heading towards a new all time high, SpiceJet has managed to absorb selling pressure at around Rs 150 levels from April this year. ALSO READ: Airfares set to rise 7-9% as Jet Airways crisis squeezes capacity additions Here's how these two ...

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First Published: Thu, September 12 2019. 12:45 IST
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