yossarian121

Spicejet: Sell, More downside likely

Short
BSE:SPICEJET   SPICEJET LTD
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1
Spicejet - Bearish break of gann channel. 1st targets likely around 100-105 zone. Sustained trading above 118-120 negates the view
Comment: 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

Comments

The 100 -105 target hit - low of 103.6 today.
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