EASEMYTRIP 44.70 NSE:EASEMYTRIP TARGET 58 SL 38 RR >2 TF <6 Months Return ~30% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong....
Spicejet has potential to give Breakout, I'M expecting Good r:r trade. but first lets wait for the breakout
Price and volume breakout in SPICEJET Buy above 82 Target 100 Stop loss 60
NSE: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.
Sprice Jet Pull Back Trade , Re test of Breakout Done , Breakout Above 97.5 Will Be a good Level to Go Long .
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
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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.
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.
RSI - still have scope in upward direction MACD - shows BUY trend continues Current Decision - we can buy around 65. 40 Target - 71.00