SPICEJET Symmetric triangle breakoutPrice and volume breakout in SPICEJET
Buy above 82
Target 100
Stop loss 60
SPICEJET trade ideas
Spicejet Trend BreakoutNSE:SPICEJET A clear Breakout from the previous down trend (Horizontal Black line) & Trendline was seen on Daily closing after taking support from Fib .618 & .5 leves.
Can go long with Targets as:
T1- 107
T2- 116-119 9Will act as a Major Supply)
T3- ATH
can start adding in small quantites for Mid to Long term.
spicejet70 to 75 is a good range for this share
70 a strong support.
75 as 1st target
82 final target
A Spice up Jet, BetTomorrow's Candle will be important if the next candle closes in green, it will turn into a bullish stock. Either way it will be on a watch till 68 as that turns out to be a good support line. However the fundamentals shows it as a more risky bet due to Cash Flows, so do your own study. Open for discussions!!.
Spice jet buy for target of 105, 120Spice is showing signal of reversing trend.. buy for long term... huge upmove expected
Spicejet Daily chart Descending Triangle Spicejet, on its daily chart, is making lower highs and has taken support multiple times at levels of 82. This has resulted in the creation of a descending triangle pattern. A daily closing, with increased volumes, below 82 will confirm the breakdown of this descending triangle pattern. The target for the short side is the next support at around 69-70. EMA, RSI, and MACD may be used for further confirmation.
Month of shillers is about to start !!!Let's see if spicejet moves above level of 95 before 15 feb. Then we can see start of month of shillers
SPICE JET , PROJECTION , BO Above 97.5Sprice Jet Pull Back Trade , Re test of Breakout Done , Breakout Above 97.5 Will Be a good Level to Go Long .
Spice Jetdue to open in the Air transport Serivces, it is showing momentum in the stock. Due to volatility in the stock, stock will start accumulate in the range of 99 to 108. best buying price is around 90. stop loss of 80
SPICE JET Go long Go long if candle close above 54.30 with good volume for target 70 with a stoploss 51
SPICE JET ABOVE 61 CLOSE ON WEEK BASE GOOD TO FO FOR 120/150spice 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.
SpiceJet is about to cross the major resistance ! If it crosses 53-55 with volumes, it can fly to touch its 200 DEMA of 71-72.
#spicejetSpicejet has given the breakout with volume on 12/08/2020 as well today stock RS is going above 0 level so as per my analysis one should enter in the stock around 50 level for a target of 54-56 with a stop loss of 47.4 on closing basis.
Long on SpiceJetAdvising 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 past 45-days.
Fundamentally, at 44/share - the price is fair to accumulate and average down positions. For fresh positions, strict stop loss of 30 is advised for a target of 86 - 92 (which is close to the fair value).
Disclaimer: Not a SEBI registered investment advisor or research analyst. Using knowledge from CMT/ CFA/ FRM candidacy and content (the idea) is for educational purpose only. Not accountable for PnL.
Spice jet accumulation done,one way movement expectedRed TL crossover will open the upper price tgt 1-2,sl-114
