SPICEJET LTD.Long
Spicejet: A Long term Investment bet...
Spicejet is at a level which historically has acted either as a strong resistance or strong support.
If the level is held then Spicejet has a strong possibility of jumping back to 95 / 102 odd levels.
On a fundamental note
- Corona virus fears have let to many flight cancellations
so in the short term, things could be difficult
- but recent price drop in crude prices if stays at lower levels in medium term then it can be a beneficial for airline industry on the whole.
The current levels provides good risk:reward ratio to go long in the stock from long term perspective.
Take care
Happy & safe investing...!!!
If the level is held then Spicejet has a strong possibility of jumping back to 95 / 102 odd levels.
On a fundamental note
- Corona virus fears have let to many flight cancellations
so in the short term, things could be difficult
- but recent price drop in crude prices if stays at lower levels in medium term then it can be a beneficial for airline industry on the whole.
The current levels provides good risk:reward ratio to go long in the stock from long term perspective.
Take care
Happy & safe investing...!!!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.