IndiGo, PVR: These recovery-plays can surge up to 11% despite Omicron woes

These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks

InterGlobe Aviation Ltd (INDIGO)
Likely target: Rs 2,100 to Rs 2,050
Upside potential:  5% to 7.50%

The shares of InterGlobe Aviation have firm support around the t200-day moving average (DMA) currently situated at Rs 1,831 level. And as long as this mark is held compellingly, the positive bias is here to stay. That’s said, the bullish trend starts above the resistance range of Rs 2,100 to Rs 2,050 levels, which the counter is attempting to conquer, according to the daily chart.  CLICK HERE FOR THE CHART