Made a splendid move today. My fortnightly target is 52.15
BNF MAY SLIGHTLY UP FOR TOMORROW
Spicejet is having a 3 year long support at 119.00 and has closed above the support today. It broke this support recently but got support of descending angle and recovered. Till 1st Nov if the stock manages to close above 121, the stock may turn bullish.
Long with 11070 CBSL (Day candle close below) If SL hits, reverse and go short for target 102XX. Long target 117XX/ATH.
Consolidating around 4/1 support. Support at 170, target around 215 in intermediate term.
Buying above 270 closing may yield a gain up to 310 in intermediate term, if it shows bullishness
It seems a bottom has formed at 315 and intermediate term target is 461, if all goes well
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Time will tell if bottom formed at 254 earlier is the long term bottom or not. Presently the stock has support at 275 and resistance at 405. Once 405 is crossed and the stock shows bullishness, further assessment can be done then.
In the last run up the scrip could not cross 2260 on closing basis, went down and has now has found short term support for the next move. It has to close above 2300 and if it does so by early December, the counter will turn bullish.
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Unless it recoups a level of 218 immediately on closing basis, the stock may drift down to 190 in the next couple of weeks. For any bullish movement
In its down move the stock may further fall and may find support at 349.75 in the next 15 days.
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In its down move it will find support at 108.50, intermediate term target is 141
Seems heading towards 51.90 in this week itself, subject to sustaning bullishness.