Since Sep2005 highs@115- SpiceJet has been moving sideways between upper boundary 100-115 to between 10-15 as lower boundary.
In short term chart- there is a double bottom of the zone 54-55 zone, which is yet to finish its larger E-wave & biggest opportunity of the decade could be knocking your doors in June -July 2017 in the zone where E-wave completes 61.8% of C-wave & at 26 -it completes 78.6% which could be the zone-I shall be looking to add Spicejet in my portfolio.
Short Term Opportunity- Sell below 54-55 for target zone 40-45
Long term Opportunity Buying in the zone 25-40 -which I will come back again once Spicejet reaches that zone.