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.
A temp dip is possible before its journey for a huge upside.Good for medium holding.potential upside is 100++
RSI - still have scope in upward direction MACD - shows BUY trend continues Current Decision - we can buy around 65. 40 Target - 71.00