wait for candle close above dotted line and target of long being 84 stop loss will be lower red line
SPICE JET cmp 84.45 long with sl of 77 see chart for other details
breakout.......................................................................
spicejet have made a perfect breakout from resistance near term target could be 90,110
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 .
sentiment, 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
1) 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...
SPICEJET Simple clean Pattaern,will be good if break above and cross the resistance zone...
Spice Jet is forming an ascending triangle on weekly time frame . It also formed a morning star pattern on support trendline . Rest one can understand from the chart itself.
#Spicejet long opportunity Target -83/102+ Sl-58.75 CMP:78.15 @16 November 2021 Timeframe : 2- 3 months
It's been trading in range since inception and now the range is only of 10 points, any move above 85 will trigger a huge upside in the stock. On a smaller timeframe, any move above 76 will push it towards 82 and then 82 to 85 levels will be very crucial for the upside, One can initiate longs above 76 in smaller quantity and add more above 85 with SL of 65
After watching continuously the chart of spice jet..i feel that something is cooking in this stock..as you can see there are three instances of a shakeout. A shakeout this frequent can give an idea of someone accumulating and kicking weak hands out at the same time. i believe its a buy above 75. for a target of at least 50%
On a weekly time frame moving in a symmetrical triangle pattern on which a strong weekly/monthly trendline support just at below stop loss now on a daily time frame, a parallel channel is formed which create double confirmation setup is failure-proof as two bullish patterns are formed along with different time frame entry - 69 target - 77 , 80, 90, 100
Spice jet constantly hitting resistance and taking long term support. Now its approaching symetric triangle breakout daily,weekly & monthly timeframes
Spice jet constantly hitting resistance & taking support on monthly timframe. Ow it approaching symmetric triangle in Day,weekly & monthly time frame.
{{Trade Setup}} : A Weekly symmetrical triangle is observed forming since Dec'20. Price breakout was printed on 13th Sep'21 supported by breakout volumes. After breakout & retest, price is sustaining outside the triangle range. {{Targets /SL}} : A safe entry can be initiated above 82.65. Targets are set as the triangle pattern height at 118. SL will be a weekly...
long T1 -75,T2 81 Short term entry in Spice jet , Once it cross trend line we can see breakout
Spicejet trendline breakout and re test good for positional by prajapati9951