SPICEJET trade ideas
BuyHH HL has been started .RS has crossed up
RSI is positive. Buy with sl below 58 on daily closing basis for target of 140+
Disc : it's not an investment advice to buy or sell
SPICEJET :: RBS + RSI DivSPICEJET is at a superb earlier breakout level support price and shows a good RSI divergence too! Can go long with a SL below 56!
It can be a risky bet as there is no business at this time and purely a technical perspective.
SpiceJet : A risk worth takingAirline sector is quite a risky business especially in the current market scenario. The major two players in this sector is Indigo and SpiceJet. Once Covid situations resolve we can expect the share price to rise. Quite a risky bet. So very cautious about adding into the position and will not add until the price crashes to the bottom of the ascending channel which requires about 50% correction. Will be targeting a profit of about 72%.
SpiceJet ready for takeoffstock has bounced from the support level.
can expect price to move up higher
Spice Jet Chart AnalysisSpice Jet
Descending traingle
Buy above 93.70 (Target 101+)
Sell below 83 (Target 69)
RSI below 50
MACD bearish crossover (below 0)
Breaking out from the descending channel - SpicejetBreaking out from the descending channel after long consolidation! looks interesting !!
SPICEJETSPICEJET: Looking Good
Triangle Breakout
Buy Above 90 Add Until 83 Stop-Loss 80
Target 95-100-105-110++
Positional Call
SPICEJET3 week consolidation and reduction in volatility by 72% with reduction in volume. It can be bought above 97.60 with SL of 91.60
BullishSeems current resistance has been breached handsomely today. Next one is at 107 and if crossed we may see at 170 some time next year but in this FY.
