share 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...
SPICEJET - has reached a good demand zone of below 36 in previous month low, stock can be bought from 3-6 months perspective with a stoploss of 30 Rs on Closing Basis
NOTE - consult your financial advisor before any investment decision
On the weekly chart, Spice jet bounces back from level 70 and showing a positive trend towards 100 level in the coming weeks.
Short term target is 85 from the current level.
Long term target is 90/100 in 3 to 6months.
Buy between 75-80 and if the market anytime provides an opportunity to buy near to 70 then add more, as in long run you get more than 25% return or more.
BREAKOUT ABOVE 85 ON WEEKLY CLOSING
BULLISH .
INVEST OR TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
All analysis is presented on charts. Added to watchlist.
To understand higher timeframe structure you can see below
Currently stock is consolidating as can be seen on the chart. The buy opportunity will present after strong bullish closing above 84 levels with good volumes.
Due to the monthly trend line i think tgts of 90 are more likely. At least price is...
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👑 ITs a very good analysis video as I will try to trade this in realtime with you guys of course risk is diff for diff people but trading quality matters, not quantity :)
Good luck keep it in your watch now
⌛ Motivational and psychological area ⌛
✣Trade only...
Lets goo finally out of the down channel ... time to trade it :)
manage your risk...
positional hold till the near time high and SL can be near time low.
