Since Sep2005 highs@115- SpiceJet has been moving sideways between upper boundary 100-115 to between 10-15 as lower boundary.
In short term chart- there is a double bottom of the zone 54-55 zone, which is yet to finish its larger E-wave & biggest opportunity of the decade could be knocking your doors in June -July 2017 in the zone where E-wave completes 61.8% of C-wave & at 26 -it completes 78.6% which could be the zone-I shall be looking to add Spicejet in my portfolio.
Short Term Opportunity-
Sell below 54-55 for target zone 40-45
Long term Opportunity
Buying in the zone 25-40 -which I will come back again once Spicejet reaches that zone.
In short term chart- there is a double bottom of the zone 54-55 zone, which is yet to finish its larger E-wave & biggest opportunity of the decade could be knocking your doors in June -July 2017 in the zone where E-wave completes 61.8% of C-wave & at 26 -it completes 78.6% which could be the zone-I shall be looking to add Spicejet in my portfolio.
Short Term Opportunity-
Sell below 54-55 for target zone 40-45
Long term Opportunity
Buying in the zone 25-40 -which I will come back again once Spicejet reaches that zone.
Trade aktif:
14:35 Hrs 10th Dec2016
Last Price@60
5 Rs down -Moving in desired direction if goes below double bottom 54-55 then it will go deep down.
Last Price@60
5 Rs down -Moving in desired direction if goes below double bottom 54-55 then it will go deep down.
Trade aktif:
14:12 Hrs 27th Dec2016
Day's Low@55.50
On the neck
Day's Low@55.50
On the neck
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)