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SPICEJET

#EASEMYTRIP 44.70 Buy Recommendation - Rachit SethiaEASEMYTRIP 44.70 NSE:EASEMYTRIP TARGET 58 SL 38 RR >2 TF <6 Months Return ~30% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:EASEMYTRIPLong
by Rachit_Sethia
Long on SpiceJetAdvising a long position on SpiceJet for three reasons: 1. Resumption of civilian flights in India, 2. Relatively low oil prices which will compensate for a relatively low seat capacity, and 3. The stock was beaten down by disruption in service is recovering now. Technically, the MACD histograms are indicating an uptick in price after largely sideways trend for past 45-days. Fundamentally, at 44/share - the price is fair to accumulate and average down positions. For fresh positions, strict stop loss of 30 is advised for a target of 86 - 92 (which is close to the fair value). Disclaimer: Not a SEBI registered investment advisor or research analyst. Using knowledge from CMT/ CFA/ FRM candidacy and content (the idea) is for educational purpose only. Not accountable for PnL.
SLong
by siddharthasharma
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