IndiGo completes sharp V-recovery near ₹5,430

IndiGo has made a sharp V-shaped recovery from the recent ₹4,550–₹4,650 support area and is now trading near ₹5,430. The stock has quickly reclaimed both its 50-day moving average near ₹4,978 and 20-day moving average near ₹5,373, indicating that buyers have regained control after the correction. The current move has brought price back to the ₹5,400–₹5,500 resistance zone. This area matters because it acted as a prior swing zone before the recent decline. A sustained close above ₹5,500 would confirm that the V-recovery is developing into a continuation move and can open room toward ₹5,700–₹5,800. INDIGO The Z-score is near 1.77, close to the upper band of +2. This reflects strong momentum, but it also means the stock may pause or consolidate after such a rapid rise. A healthy pullback that holds above ₹5,370 would keep the recovery structure intact. ₹5,370 is immediate support, followed by ₹5,200. A fall below ₹5,200 would weaken the V-recovery setup. The key price action to watch is whether IndiGo can absorb supply around ₹5,500 and build above it.