Sniper-Traders

SpiceJet : A risk worth taking

Long
BSE:SPICEJET   SPICEJET LTD.
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%.

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.