Shall we see 180 by next quarter result?If the crude helps, there will be no surprise if the stock makes a move to 180 by the next result
SPICEJET trade ideas
SpicejetSoon this stock will be available as a summer sale..
Disc: Invested from lower levels but will buy more on any sizeable dip... (Investment not for trading)
spice jet strong support zone at 91.70If slide below 91.70 its next possible stop is at 76.55. Follow all the levels for support and resistance in chart.
Spicejet: Sell, More downside likelySpicejet - Bearish break of gann channel. 1st targets likely around 100-105 zone. Sustained trading above 118-120 negates the view
Support seen at 105.5There is a possibility that tomorrow it will touch 105.5 and take a turn upward.
Spicejet.TL BOSpicejet may seea sudden upmove till 160 in the coming days.TL BO above 133-tgt-140/147/156/160+++.We may expect it in this April.
Spicejet & other aviation stocks: Look for long term sellHello Guys, I'm looking at all indian aviation stocks, all are pointing towards downward movement, this is a weekly chart so look for sells on lower timeframe. after that downward move there will be pretty good spot to put your money in these stocks.
Bullish spice jet
The reasons that support the above trade plan:
Formation of bullish harami with a reasonable volume
Support and resistance gives a green flag to the trade.
Risk reward ratio for the trade is reasonable.
From the long term perspective the spice jet is one of the best shot to be given. As the aviation is the most growing sector with respect to indian economy it can be prioritized in your watchlist. The Budget 2018 also gives a supporting results for this sector and leads to positive growth in it.
Spice jet as a low cost carrier airline service provider is emerging in the indian aviation sector. If we view the company in the long sight after 2014 when the singh has taken the chairmanship the EBITDA of the company is in an increasing trend. The valuations of the company would also recommend at strong buy. Overall it is a worth holding in your portfolio.
Thanks and have a good trading day.
Spicejet getting oversold between 125-130. Target 139, 145 & 154Spicejet getting oversold between 125-130. Target 139, 145 & 154
SL 123.
Reversal confirms Above 133. SL: Lows of the day. Target said above intact. Risk Reward: 1:2
Admin, Gale.in
SpiceJet : A Must Buy At Present Levels ... {Extremely Bullish}To All Members : SpiceJet seems Very Bullish On Current Scenario ... If It Closes Above 154 Rs. on Tomorrow , A Rally will Get Confirmation through Three White Shoulders Pattern {A Japanese Candlestick Pattern} ... Overall , Buy It for Targets of 180-188 Rs. ... Good Luck !!!
Spicejet is on a roll..1. Spicejet went passed through first hurdle
2. Street is expecting good number on the back of Indigo's good numbers
3. target: Upperline (+/- a percent) on the channel
Note: Please do your own analysis before taking a position.
Spicejet Flag Pennat Formation/ Upward ChannelStock is an upward channel.
Broke recent resistance and now is consolidating in a pennant formation.
A break above should be into above 136, for targets towards the channel resistance unless any reversal indicated.
SPICEJET - SHORTSpicejet broke its support line; the level that it might reverse from is drawn on chart.
Spicejet: U r beautiful...U r beautiful... its true......I saw ur face
in a crowded place....
One of my personal favorites from long term investment point of view
Even from Fundamental perspective the stock has a great story...
- Railway tickets are getting costlier
- Fuel cost is under control
That augurs well for the airline sector and Spicejet has positioned itself well to take advantage of the current situation.
There is a great potential of travellers who will be willing to shift from AC train travel to Airline travel...
The story will continue to hold good till the time travelling by air will be looked as a normal thing rather than a luxury.
And till the time crude prices in international market is below $65-$70 mark the situation will benefit the Airline sector...
ON technical front the stock is forming a pole and flag pattern
Look for buying on any dips towards 113-105 range or on breakout of the flag pattern...
Targets are open from long term perspective as I believe the story is still in nascent stage and still a long way to go...
A potential multi-bagger even from current levels...
Do drop in your views...
Take care & happy investing...!!!
Spicejet - Might touch support levels before taking off..Scrip which has shown strong bull momentum from 60 with regressive green candlesticks pushing the price to greater heights
Might touch support levels again owing to %william in oversold stage (above -20) and then, rebound to break the resistance level - 124
Will be buying on dips towards support levels :)
Macro-economic factors could be favorable for aviation industry in near future however, Do check on risk being taken as the Price to book value is in negative.
Spice Jet Bullish Flag Pattern breakout with huge volumeThere is a bullish Falg Pattern breakout in Spice Jet with huge volume and retest the breakout level at Rs 77.75 stock started bull from 62 till 76.70 hence target would be (76.70-62=14.75) add to breakout level of Rs 76/- that comes to Rs 90 and time frame would be 4 trading session. stoploss would be below breakout level of Rs 76 on closing basis.
Spice jet - struggle with trendlines. Aggressive buy.Price is struggling with multiple trendlines.
Last price action is encouraging with a faster retracement of the last fall.
Major breakout above 71-72 levels.
Sequence of supports from 65 - 58 ad 54.
SPICEJET longTaking a long would be an ideal situation though the uptrend is not confirmed because the chikou span is still in the cloud, but if you trade you can take trade with a small stop.
