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.
The low can be seen at 115.50. If bullishness returns due to spectacular quarterly result,
the stock may see even a level of 180 in near term. In all short term scenerios the stock
is in bearish move and the sentiment likely change only when the stock crosses 127.8 on