SpiceJet - Struggling to hold on at current level of 105

Seems like an bearish cup n handle formation in the making for SpiceJet .

2018 has not been that great for the Airlines sector in India mainly due to Rise in Crude prices.

Spicejet seems like it will make a new low for 2018 in short term testing the support zone of 75 - 80.
Trade closed: target reached: Made low of 76
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