amankavi

Spicejet - Might touch support levels before taking off..

Long
BSE:SPICEJET   SPICEJET LTD.
2
Scrip which has shown strong bull momentum from 60 with regressive green candlesticks pushing the price to greater heights
Might touch support levels again owing to %william in oversold stage (above -20) and then, rebound to break the resistance level - 124
Will be buying on dips towards support levels :)
Macro-economic factors could be favorable for aviation industry in near future however, Do check on risk being taken as the Price to book value is in negative.

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