SpiceJet : A risk worth taking

Apr 30, 2021

Airline sector is quite a risky business especially in the current market scenario. The major two players in this sector is Indigo and SpiceJet. Once Covid situations resolve we can expect the share price to rise. Quite a risky bet. So very cautious about adding into the position and will not add until the price crashes to the bottom of the ascending channel which requires about 50% correction. Will be targeting a profit of about 72%.