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%.