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SPICEJET

Spicejet Ready to Fly?Points to note: 1. A STRONG DEMAND ZONE near the 34-36 range, formed and sustained repeated tests. 2. A (final?) TEST BELOW the zone attempted yesterday & rejected with vol., leading to belief that sellers have lost interest. 3. A DESCENDING TRIANGLE formed. Therefore, a good move can be expected. ____________________________________________________ Aggressive Entry at cmp with SL 31. Targets of 43.55, 58,63. RR of 1:3.5 Disclaimer: As always, trade according to your own risk appetite. And always enter SL first.
SLong
by Divergent_trader
Spicejet: Can you take me higherSpicejet The stock has struggled a lot in past but since September 2022, the stock has managed to hold on to the Bear onslaught. Financially still unhealthy, but with restructuring process due to be completed soon, and Oil prices cooling off, things may improve for the aviation sector going forward which can in turn help the aviation sector. If we analyze the market share Indigo is the clear market leader and the rest are capturing a share of around 8% each roughly. Indian Airlines Market Share (%) IndiGo 58.8 Vistara 10.4 Air India 8.4 Go First 8.2 SpiceJet 8.0 Air Asia 4.6 Alliance Air 1.2 Source: AngelOne (Data is as of September 28, 2022) Technical Analysis view - the stock is trading above it's 21 day EMA and 63 day EMA - the stock has made higher bottom since September 2022 - trendline support area around 38.5 Target for the stock 52 / 58 / 62 SL 34.50 There you go, I have shared the analysis both as per Technical Analysis and little Fundamental insights. Understand the context of investment and assess your risk management and I trust the above analysis would help you take informed decision. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
SLong
by indiamarketoutlook
SPICE JET - Now time to flyshare name : spice jet call type : positional or investment - share is forming a descending triangle pattern - moring star on c point on monthly time frame - we can see a good base on 61 it will definitely act as resistance if it will take out and price will form higher low . we will definitely see targets up to 61,108 126 as per gartley - we can accumulate this share at current level with stop loss of 33 which is all time low of this stock thanks
SLong
by THINKLIKEATRADER
3
SPICEJETNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
SLong
by SENSITRADE_T
SPICEJET | Triangle Bullish BO{{Trade Setup}} : A Weekly symmetrical triangle is observed forming since Dec'20. Price breakout was printed on 13th Sep'21 supported by breakout volumes. After breakout & retest, price is sustaining outside the triangle range. {{Targets /SL}} : A safe entry can be initiated above 82.65. Targets are set as the triangle pattern height at 118. SL will be a weekly closing below 60. Note : Please take trades after making your own analysis. This chart is a showcase of my analysis alone, & the trade mentioned is one I'll be taking based on my convictions. This is NOT a trade recommendation.
SLong
by Divergent_trader