Red HotMinor changes from what i posted last, but overall trend on course. levels to be seen are 94, 102/5 , 115. on the verge , such movements are often positive , although we need to see how it will behave with crude prices stabilizing/rising.
SPICEJET trade ideas
Spicey:For now i can wait to let it settle till the circle where i may look to add ! dont decide your trade basis this. its just for an idea. !
Above resistanceIn hourly chart Spicejet has crossed 4/1 resistance at 79.50 which is now support and 3/1 angle resistance is at 88, which will be the short term target
Spicey !!If you say , candles dont work, start observing this from next week , only if it closes above 65 this week. if not, i will see this around 55-60 and will buy in truck loads.. are you bullish
SPICEJET - approaching support level !!This is for those who are stuck in this counter ...follow charts for averaging !!
BearishThe last support is at 68.65 and it is likely that tomorrow it will touch 78.60. Today or tomorrow, closing above 78.60 may bring some bullishness.
Spice jet may move after 4 days of consolidationWith Crude going down and Rupee getting stronger, Spice jet may move after 4 days of consolidation above 4/1 line.
Spicejet: Consolidating in the intermediate support...???Spicejet
In the short term the stock has the potential to move towards 95 /102 levels.
In medium term there is a risk of stock seeing levels of even 60-65
However In the longer term , if level of 58 is protected, the stock can once again fly higher towards 160 / 220 levels
Plan your trade accordingly...
Take care & safe trading...!!!
SpicejetBiased about this co because of what capacity expansion and because i hold this stock...
But this is a level what has me interested to add even more...not yet done so but will be doing it very soon.
+ive divergence, seems to be bouncing from a support. Lets see what the future now holds.
Definitely a buy on dips with a 2 year horizon.
Buy Spicejet at below 100 for a target of 118A perfect long setup exist in spicejet, as it is oversold and collapsing due to synthetic effect of indigo.
Confluence of TL and support-horizontal A classical case of confluemce of horizontal multiyear support,and TL support is visible.Can we see a reversal from these levels?
Aviation scenerioA comparative stock performance weekly chart for Inddian listed aviation companies viz., Indigo, Jet an Spicejet.
Spicejet turns bullish Support at 101, being the descending 1/2 line. Immediate target is 129. If the stock manages to close above 153 b y 26.07.2018, it will be out of any bearish shadow of previous high.
Arbitration outcome is in favour of SpicejetThe stock is in consolidation, down move. With this news the stock may turn bullish and being in 20% circuit bracket, it is possible the stock may touch 150 in the next week.
142-148-156 in viewA second bullish candle will pave the path to 142.weekly close above 142 can lead it to 160+within 3 weeks
