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...!!!
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.
Over a range of 434 days chart, the stock is still out of ascending Gann Fan and will be within Gann Fan shadow once it closes above 135.85 tomorrow. Above 135 it will also be out of bearish descending fan from the top made 48 days ago. Levels to watch out for : 125.50, 129.50 and 135.85. Agree with Syjo, hope it closes above 135.85 tomorrow.