Go long if candle close above 54.30 with good volume for target 70 with a stoploss 51
spice jet close abv 61 & now in consolidation phase collect from here to 61 on down with SL of 30/30.50 & tgt of 120++ it will be more likely to trade in range of 60 to 75 for some more time.
If it crosses 53-55 with volumes, it can fly to touch its 200 DEMA of 71-72.
Advising a long position on SpiceJet for three reasons: 1. Resumption of civilian flights in India, 2. Relatively low oil prices which will compensate for a relatively low seat capacity, and 3. The stock was beaten down by disruption in service is recovering now. Technically, the MACD histograms are indicating an uptick in price after largely sideways trend for...
SPICEJET - IMMEDIATE SHORT TERM SELL
Red TL crossover will open the upper price tgt 1-2,sl-114
sl COMPULSORY
Jet & Indigo have grounded planes could be their gain. Next top 90?
There is a resistance at 88.75. If it crosses, the next target will be 106.50
Y'all should be aware of the inflight safety instructions.
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.
If the stock turns bullish due to the quarterly result, we may see an up move where a resistance is there at 99-100. If the stock turns bearish a low level of 74-75 can not also be ruled out.
The gap between 103.80 and 104 remains unfilled. In near term the stock may touch 102.50 for any up move.
Some bullishness can be expected if the stock manages to close above 11.50-112.
If break out happens in the positive direction, please watch out for the level of 119.80