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...!!!