Spicejet: Sell, More downside likely
Spicejet - Bearish break of gann channel. 1st targets likely around 100-105 zone. Sustained trading above 118-120 negates the view
Note
Stock can fall more but risk reward has deteriorated a bit. No F&O here else would have been a good short trade when spotted at 113+Trade closed manually
Enough of decline for now. Close manually At open on 22nd may
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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.