sabyasachi_nath

sabyasachi_nath

Spicejet is having a 3 year long support at 119.00 and has closed above the support today. It broke this support recently but got support of descending angle and recovered. Till 1st Nov if the stock manages to close above 121, the stock may turn bullish.

sabyasachi_nath

Consolidating around 4/1 support. Support at 170, target around 215 in intermediate term.

sabyasachi_nath

Buying above 270 closing may yield a gain up to 310 in intermediate term, if it shows bullishness

sabyasachi_nath

It seems a bottom has formed at 315 and intermediate term target is 461, if all goes well

sabyasachi_nath

Time will tell if bottom formed at 254 earlier is the long term bottom or not. Presently the stock has support at 275 and resistance at 405. Once 405 is crossed and the stock shows bullishness, further assessment can be done then.

sabyasachi_nath

In the last run up the scrip could not cross 2260 on closing basis, went down and has now has found short term support for the next move. It has to close above 2300 and if it does so by early December, the counter will turn bullish.

sabyasachi_nath

Unless it recoups a level of 218 immediately on closing basis, the stock may drift down to 190 in the next couple of weeks. For any bullish movement

sabyasachi_nath

In its down move the stock may further fall and may find support at 349.75 in the next 15 days.

sabyasachi_nath

In its down move it will find support at 108.50, intermediate term target is 141

sabyasachi_nath

118.50 likely to be respected on closing basis

sabyasachi_nath

Seems heading towards 51.90 in this week itself, subject to sustaning bullishness.

sabyasachi_nath

Support 458-462. I expect it to run above 555 in intermediate term and hope an ambitious target of 837 in medium- long term

sabyasachi_nath

Strong support at 333. Target in intermediate term ~400.

sabyasachi_nath

It is importatnt to note that the last support angle is being held on closing basis for the last two months, which was in the range of 49-52. The stock may remain in a sideways movement till mid-December (or earlier, depending on news, change in fundamentals etc.) when it may make an up move.

sabyasachi_nath

Long term support at 1740 , short term support at 1698. There is a outside chance that we may see 1982 by month end.

sabyasachi_nath

That the stock closed above 2075 today is a matter of solace. I expect the scrip to show now bullishness and may cross 2275 by mid October.

sabyasachi_nath

Some bullishness being seen after prolonged bearish move. The stock may turn bullish due to sudden spurt above descending resistance line or if it can close above 201.50 by 10th October.

sabyasachi_nath

If it can close above 226.25 tomorrow, it will be out of bearish shadow of previous high and will exhibit fresh bullishnaess in short and intermediate term