Description
⋅ ...I saw ur face
in a crowded place....
One of my personal favorites from long term investment point of view
Even from Fundamental perspective the stock has a great story...
- Railway tickets are getting costlier
- Fuel cost is under control
That augurs well for the airline sector and Spicejet has positioned itself well to take advantage of the current situation.
There is a great potential of travellers who will be willing to shift from AC train travel to Airline travel...
The story will continue to hold good till the time travelling by air will be looked as a normal thing rather than a luxury.
And till the time crude prices in international market is below $65-$70 mark the situation will benefit the Airline sector...
ON technical front the stock is forming a pole and flag pattern
Look for buying on any dips towards 113-105 range or on breakout of the flag pattern...
Targets are open from long term perspective as I believe the story is still in nascent stage and still a long way to go...
A potential multi-bagger even from current levels...
Do drop in your views...
Take care & happy investing...!!!