On the weekly chart, Spice jet bounces back from level 70 and showing a positive trend towards 100 level in the coming weeks.
Short term target is 85 from the current level.
Long term target is 90/100 in 3 to 6months.
Buy between 75-80 and if the market anytime provides an opportunity to buy near to 70 then add more, as in long run you get more than 25% return or more.
Short term target is 85 from the current level.
Long term target is 90/100 in 3 to 6months.
Buy between 75-80 and if the market anytime provides an opportunity to buy near to 70 then add more, as in long run you get more than 25% return or more.
Comment:
This week share didn't break the support level but give the opportunity to buy at a lower level. accumulate when it down according to your risk capacity and if any time market down from its support level then adjust it accordingly.
Comment:
THIS WEEK OUR SHORT-TERM TARGET HIT AND COULD NOT HOLD NEAR TO RESISTANCE. WAITING FOR LONG-TERM TARGET. IF U WANT TO TRADE AGAIN FOR SHORT TERM THEN BUY AGAIN FOR 85 LEVEL AT CURRENT PRICE
Trade closed: target reached:
Last week our both target achieve and the market is not showing a good sign for tour and travel. So closing the target at 88 instead of 90.