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...
Key Levels for SPICEJET Search >>> OPTIONSCALLFREE on Telegram for more updates
Please trade with caution and consult your financial adviser before trading.
In the short term the stock has the potential to move towards 95 /102 levels.
In medium term there is a risk of stock seeing levels of even 60-65
However In the longer term, if level of 58 is protected, the stock can once again fly higher towards 160 / 220 levels
Plan your trade accordingly...
Take care & safe trading...!!!
Hello Guys, I'm looking at all indian aviation stocks, all are pointing towards downward movement, this is a weekly chart so look for sells on lower timeframe. after that downward move there will be pretty good spot to put your money in these stocks.
...I saw ur face
in a crowded place....
One of my personal favorites from long term investment point of view
Even from Fundamental perspective the stock has a great story...
- Railway tickets are getting costlier
- Fuel cost is under control
That augurs well for the airline sector and Spicejet has positioned itself well to take advantage of the current...