This is the chart I drew on 12-11-2020 and as shown with perfect technical research the stock yesterday touched the resistance line and there is huge selling pressure at Rs 79 and today it raised but with more pressure, a red candle is formed.
Long spicejet above 54. Will break almost 10 weeks high.
Nifty - Technical Analysis: Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish. Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61. Market - Driving Factors: Travel and Tourism stocks...
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...
INDIGO LOOKS TO SLIDE LOOKING AT CURRENT MARKET SCENARIO AND STOCK AT 52 WEEK HIGH ZONES , MAY COOL OFF FROM HERE !
Spicejet 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...!!!
stock given breakout after long consolidation !
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.
Spicejet getting oversold between 125-130. Target 139, 145 & 154 SL 123. Reversal confirms Above 133. SL: Lows of the day. Target said above intact. Risk Reward: 1:2 Admin, Gale.in
...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...