Spicejet: A Long term Investment bet...

Spicejet is at a level which historically has acted either as a strong resistance or strong support.

If the level is held then Spicejet has a strong possibility of jumping back to 95 / 102 odd levels.

On a fundamental note

- Corona virus fears have let to many flight cancellations
so in the short term, things could be difficult

- but recent price drop in crude prices if stays at lower levels in medium term then it can be a beneficial for airline industry on the whole.

The current levels provides good risk:reward ratio to go long in the stock from long term perspective.

Take care
Happy & safe investing...!!!


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.