Spice Jet ready to reach higher price action
Ichimoku is uptrend and future Kumo is green
EMA Cross ( 5 EMA above 15 EMA ) which is a positive sign
Can go 10 to 15 % higher
Note : This is for educational purpose only.
Minor changes from what i posted last, but overall trend on course. levels to be seen are 94, 102/5 , 115. on the verge , such movements are often positive , although we need to see how it will behave with crude prices stabilizing/rising.
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...!!!
Biased about this co because of what capacity expansion and because i hold this stock...
But this is a level what has me interested to add even more...not yet done so but will be doing it very soon.
+ive divergence, seems to be bouncing from a support. Lets see what the future now holds.
Definitely a buy on dips with a 2 year horizon.