THE STOCK IS TRADING IN A SIDEWAYS CHANNEL AFTER THE BREAKOUT OF THE TRENDLINE
IT IS ALSO RESPECTING ITS IMPORTANT SUPPORT ZONES AND TAKING SUPPORT FROM THERE
A BUY CAN BE INITIATED AT THESE LEVELS ALSO FOR A TARGET OF UPPER END OF THE CHANNEL
OR AFTER THE CHANNEL IS TAKEN OUT IN DAILY TIME FRAME
ALSO IT IS A GOOD UNLOCK PLAY
BUYING FOR SWING PERIOD OF 1 MONTH IS...
Spicejet
CMP 78.70
So what is this "Mera wala price" (My price to buy) and "ab toh mujhe dekh le" levels (at least take a look at me now)
No these are not levels which have come from my heart. But what I see as charts trying to tell us.
Let us see what are these terminologies with the help of Spicejet
Observations:
- Spicejet is currently trading between 20...
All analysis is presented on charts. Added to watchlist.
To understand higher timeframe structure you can see below
Currently stock is consolidating as can be seen on the chart. The buy opportunity will present after strong bullish closing above 84 levels with good volumes.
Due to the monthly trend line i think tgts of 90 are more likely. At least price is...
NEWS: SpiceJet NSE -1.41 %, has reported a net loss of Rs 998.3 crore for 2020-21 fiscal, has announced to raise Rs 2,500 crore to fund its working capital requirements. BUT
the chart looks superb. Volume Increase, 20 DAY cross over and a BO near the consolidation.
Looks like a winning trade as Analysts are hopeful of a turnaround as travel resumes across the...
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👑 ITs a very good analysis video as I will try to trade this in realtime with you guys of course risk is diff for diff people but trading quality matters, not quantity :)
Good luck keep it in your watch now
⌛ Motivational and psychological area ⌛
✣Trade only...
There is a cup and handle chart pattern formed and breakout as well as news regarding the spice jet.so it may be good trade in my opinion.but no one can exactly predict market so make proper risk management.
SPICEJET - Weekly view
There are three trade scenarios here -
1) It will cross the upper trendline in the current move, hits previous high of 108, giving 38% return. Eventual target seems to be 138, will be more clear once it comes out of channel.
2) It hits the trendline at D(88.20), it will give 10% return this (most likely) week. and then reverses down
3)...
Spicejet is trying to take support from the trendline. Wait for the correct price action to go long.
As it's not in F&O we can't short it. So if it breaks the trendline, wait for it take support from good area and if it shows a bounce back, we can go long.
