Spicejet Long
1) With relaxation in all covid protocols and air traffic resumption to pre covid levels, airlines are gaining momentum back
2) Crude oil price gradually decreasing
3) Recent Quarter results shown reduction in losses
4) On monthly chart, Pennant BO is on cards
5) Momentum seen in recent price action
6) In current market fall this stock stood strong
Considering all above factors it seems that stock is set to reach to ATH gradually in upcoming few months
All targets marked in charts.
For education purpose only.
2) Crude oil price gradually decreasing
3) Recent Quarter results shown reduction in losses
4) On monthly chart, Pennant BO is on cards
5) Momentum seen in recent price action
6) In current market fall this stock stood strong
Considering all above factors it seems that stock is set to reach to ATH gradually in upcoming few months
All targets marked in charts.
For education purpose only.
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