SPICEJET trade ideas
SpiceJet - Elliott Wave Count - Going through a huge correction SpiceJet may correct upto 80 levels. Then the next (outer degree) wave up will start.
SpiceJet - LongGo long above daily demand zone if a bullish candlestick is formed. The stock tends to take off from 75D EMA forming a new higher high.
Buy - 143-145
CBSL - 139
Target - 154
SpiceJet - Set for another rise ?Just saw Spice Jet breakout from downward resistance line with a bullish engulfing candlestick and RSI rising.
Currently trading above its EMA 30 which should act as a support level.
With Crude under severe pressure we can see airline stocks like these benefit with low oil prices.
Trading strategy :
Buy @ CMP 108 levels
Target :123
Stop loss : below 100
Happy trading.
Technofunda stockA temp dip is possible before its journey for a huge upside.Good for medium holding.potential upside is 100++
SPICEJET - LONG - expected target 65.25 - duration 21 daysRSI - still have scope in upward direction
MACD - shows BUY trend continues
Current Decision - we can buy around 65. 40
Target - 71.00
