Artofchart

WEAK FUNDAMENTALS vs BULLISH TECHNICALS

Long
NSE:SPICEJET   SPICEJET LTD
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



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