SPICEJET
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TF-Weekly
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If anyone wants to take trade, make sure the quantity size should be low.
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(Fundamentally weak but Technically shows some strength if it clears 53 & sustains above it.)
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Only my view.
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this...
SPICEJET at strong support zone
Currently at strong support of 30 to 32. Near breaking the downward trend line on the up side. Expecting some upmove on the same with levels of 39-49 in near term if comes with good volume.
No recommendations, just my view based on the chart.
Views are educational purposes only.
1. Breaking out from a triangle pattern.
2. Volumes build up for the past 2 weeks.
3. bullish divergence in MACD, in Weekly TF.
4. 9 and 21 EMA crossover in daily TF.
Entry: 37-39
SL: 30
Target: 60
Points to note:
1. A STRONG DEMAND ZONE near the 34-36 range, formed and sustained repeated tests.
2. A (final?) TEST BELOW the zone attempted yesterday & rejected with vol., leading to belief that sellers have lost interest.
3. A DESCENDING TRIANGLE formed. Therefore, a good move can be expected.
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Aggressive...
Spice Jet is at Covid level during March, 2020.
No looks good on balance sheet.
But is at crucial support level.
Do keep on Radar.
Risk to Reward is favourable.
Spicejet
The stock has struggled a lot in past but since September 2022, the stock has managed to hold on to the Bear onslaught.
Financially still unhealthy, but with restructuring process due to be completed soon, and Oil prices cooling off, things may improve for the aviation sector going forward which can in turn help the aviation sector.
If we analyze the...
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...
NSE:SPICEJET Currently price is at previous base & taking support from this zone. Upper trendline acting as strong resistance so price at least reach till this trendline level angle.
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
