InterGlobe Aviation Ltd – INDIGO (Hourly Chart )

After a corrective decline, in

is moving into a sideways consolidation phase, indicating potential base formation. Key Support & Resistance: Support: 4930 – 4880 Major Support: 4750 – 4650 Resistance: 5000 – 5050 Indicators: Price is trading near the 20 EMA, facing resistance near the 50 EMA Momentum remains neutral Volume expansion is required for directional clarity Price Action Insight: Repeated small-range candles near resistance reflect indecision. A decisive move above 5000 or rejection from this zone will define the next trend. Technical Outlook: Neutral. Range-bound behavior likely until a clear breakout or breakdown occurs.