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Longterm

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...!!!
BSE:SPICEJETLong
by indiamarketoutlook