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Spice Jet Meets its Nemesis – Avoid for Time Being

SpiceJet is suffering because of 3 reasons and now it has to suffer because of those reasons not under its control and those are listed below:
  • Air Asia plan for launch of a low cost airline and we covered AirAsia Low Airline Impact in India here.
  • AirAsia going to target Southern States initially and Spicejet has its forte in southern state.
  • DMK withdraws from central govt.
Strategy to Trade SpiceJet
Though Spicejet has denied it being dented due to AirAsia but stock price speaks for itself as its chart has been battered for past 2 months and this much time frame has only elapsed when first noises were heard regarding Tata and Airasia joint venture.
Spicejet reasons for poor performance on stock market
Now enter in this stock only once it crosses above the level of 36.6 and remember to check our hot stock to make money in the stock market.

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