SPICEJET trade ideas
Spicejet long opportunity Triangle pattern on daily time frame>>
Constant resistance from the long term trend line above and continuous support from long term trend line below has formed a triangle type pattern.
Breakout from the triangle pattern is visible. Inverted head and shoulders pattern on daily and hourly. Multiple confluence factors has been derived supporting its price.
Technical Indicators>>
Price is trading above the 50 day EMA and RSI indicator looks strong above 60.
Accumulate between 70-85 for 1st target of 90 and 2nd target of 100 and 3rd target of 110 and above. Keep Stop Loss between 60-65
The above idea is for educational purpose. All investments and positions taken is subject to market risk and price fluctuations. Please consult financial advisor before making any decisions.
Long in SpicejetHigh chance of break out
entry at 60 levels
can shoot up than 15 percent in short term
disclaimer: not an recommendation just an education purpose
Chart on SPICEJETChart on SPICEJET
CMP @ 63.25
Short Term Target @ 69.00
Professional Target @ 73.00
Long Term Target @ 78
Average @ 61.50
I am expecting SPICEJET to take support at 61.50 move up.
Disclaimer Caution: WE ARE NOT SEBI REGISTERED ANALYST. Before taking any positions, please contact your financial advisor. We are not responsible for any of your "PROFITS" or "LOSSES". Whatever we are providing here is the purely educational and informational point of view.
spice jet triangular pattern formation spice jet triangular pattern formation maybe it would have a breakout
SPICEJET to TAKE OFFhere is the technical analysis of SPICEJET its way to go up
place SL below support
target is 84
this is not a call
trade at your own risk
Good swing opportunitySpicejet has given a 11 month old trendline breakout and today has broken it's 9 month old resistance zone. The stock looks good at CMP for target 90 and 94
Learn & Earn,
Dr. Tanya Kumar
Will Spice jet test level 100 ?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.
Spice Jet Breakout from a resistance ZoneSpice Jet has broken out from a resistance Zone. 90 and Subsequently 100 on the cards.
SPICEJET MINIMUM 25% ABOVE 85BREAKOUT 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.
SPICEJETNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Missed the flight? It's never too late!Spice jet broke a two year old trend line. Its ready to fly high. Also It broke from a symmetrical triangle pattern with huge Volume. Also it formed and broke a flag pattern in 30 minute time frame.
Target 1 - 97
Target 2 - 107
Target 3- 152
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
BREAKOUT IN SPICEJET - -SWING TRADERefer the chart for entry, sl and target. Breakout with a big green candle and high volume. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
spicejet bullish breakoutwait for candle close above dotted line and target of long being 84
stop loss will be lower red line
spicejet flying highspicejet have made a perfect breakout from resistance near term target could be 90,110
combined pattern breakout concept !!!spicejet :
Trade set up :
1. buy above 83.80
2. keep stop loss as 73.75 on closing basis
3. targets : 100.75/109.10/119.40+
technical setup :
1. symmetrical triangle
2. cup & handle
3. breakout concept
note : price consolidation before breakout of both patterns , is a good sign for successful breakout trade .
spice jet bullishsentiment, oscillators, opening economy all favor spice jet along with spice cargo IPO
box breakout after consolidation since April 21. fib levels mentioned in channel. education purpose only
Spicejet Long1) With relaxation in all covid protocols and air traffic resumption to pre covid levels, airlines are gaining momentum back
2) Crude oil price gradually decreasing
3) Recent Quarter results shown reduction in losses
4) On monthly chart, Pennant BO is on cards
5) Momentum seen in recent price action
6) In current market fall this stock stood strong
Considering all above factors it seems that stock is set to reach to ATH gradually in upcoming few months
All targets marked in charts.
For education purpose only.
