TRIANGLE PATTERN IN SPICEJET
Keep an eye on Spicejet as it trading inside a triangle and if it breaks on either side on a closing basis, can give good profits in very short time.
I am expecting it to break on higher side as corona cases are decreasing in India and people are coming back to normal life.
If it breaks on higher side, then,
First Target- 108 ( Recent High)
Second Target - 120 ( Pre Pandemic Level )
If the trade goes according to my expectations, it can give good returns of 45-60% within 6-8 moths.
THANKS FOR GOING THROUGH MY ANALYSIS
PLEASE ADD YOUR VIEWS IN THE COMMENT BOX
NSE:SPICEJET
I am expecting it to break on higher side as corona cases are decreasing in India and people are coming back to normal life.
If it breaks on higher side, then,
First Target- 108 ( Recent High)
Second Target - 120 ( Pre Pandemic Level )
If the trade goes according to my expectations, it can give good returns of 45-60% within 6-8 moths.
THANKS FOR GOING THROUGH MY ANALYSIS
PLEASE ADD YOUR VIEWS IN THE COMMENT BOX
NSE:SPICEJET
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