INDIGO Multibagger stock moved by more than 23% within 2 months!!

We published about Interglobe Aviation Ltd in our Jal Multibagger stock report and predicted the possibility of multi-bagger returns in the coming 1-2 years. Check out the below research we published on 27^th February 2025.   

This stock has managed to hold its gain and gave more than 23% returns in less than 2 months and made a lifetime high of 5265 levels.

 INDIGO Weekly chart Anticipated with Time cycle and Elliott wave as on 27^th February 2025
Wave Analysis as on 27^th February 2025

Multi-bagger stock recommendation: Interglobe Aviation

Buy Price – Buy at CMP 4430 more on dips

Time Horizon –1-2 years

Investment – 5% of capital

Target price -???

Stop loss –???

Anticipated as on 27^th February 2025:

INDIGO is India's largest airline, and one of the world's fastest growing airlines. It is India's largest low-cost passenger airline offering a focus on affordability, punctuality, and passenger satisfaction in the domestic air travel sector with specialization in on-time performance.

As shown in weekly chart of INDIGO, from 2023 to mid-2024 prices moved higher from the levels of 1822 to 5035 levels in the form of primary wave (3) which is more than 170% increase. After the strong bull run this stock was contained within a consolidation and prices drifted lower from the high of 5035 levels

to 3780 levels in the form of wave (4). Post completion of wave (4) the uptrend should resume towards higher levels.

It is now time to look at the bigger cycle in order to understand the probable reversal areas from medium term perspective. Indigo is following 38 Weeks of Time cycle very well and we can observe that exactly at the cycle important bottoms are formed. The next cycle is due by 28^th April 2025. One can look for buying opportunity near the same.

So, the stock is in the long-term bull trend and the past few months of correction has provided excellent opportunity to enter now for riding the 5th wave on upside. Also, this is a reversal from major trend and so one should be aware with the risk of investments. On upside we can expect a target of … levels which is conservative level.

Indigo Daily Chart: Happened as on 09^th April 2025
Happened

Interglobe Aviation was in sync with our expectations and has delivered exceptional returns. After a dip, stock has witnessed a sharp rise on the upside and moved more than 23% from the lows in less than 2 months after our report was published. Moreover, in today’s session prices managed to make a lifetime high of 5265 levels. Since past 1 month, the stock has managed to sustain at higher levels despite major indices falling and negative global cues which is a sign of strength. The overall up move has been strong and we expect prices to achieve its target of...levels in comings months.

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