Long
WEAK FUNDAMENTALS vs BULLISH TECHNICALS
NEWS: SpiceJet NSE -1.41 %, has reported a net loss of Rs 998.3 crore for 2020-21 fiscal, has announced to raise Rs 2,500 crore to fund its working capital requirements. BUT
the chart looks superb. Volume Increase, 20 DAY cross over and a BO near the consolidation.
Looks like a winning trade as Analysts are hopeful of a turnaround as travel resumes across the country.
If you are trading watch out for the Stop loss
CHART STUDY - not a call
the chart looks superb. Volume Increase, 20 DAY cross over and a BO near the consolidation.
Looks like a winning trade as Analysts are hopeful of a turnaround as travel resumes across the country.
If you are trading watch out for the Stop loss
CHART STUDY - not a call
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.