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It is said that some one's loss is another person gain in stock market and same is applicable for the aviation sector where Jet Airways going down under its own weight is proving a boon for Spice Jet which is showing a decent chart pattern and showing promising prospects for the company in days ahead.
However, the speed with which stock has gone up may also act as a catalyst for speedy fall and thus one need to be cautious while entering the stock as smart traders are already in the stock like our short term holding stock tips subscribers have already entered the stock. Please note that stock has a high RSI which shows that stock is overbought and thus one can see a downward reaction also. Thus this stock has been categorised under high risk and high return category stock. Long term traders can hold the stock with stop loss as 115.
Thus if you are planning to enter, do so by putting the stop loss at your buy price and thereafter riding the up move. As on date Jet Airways is going to suspend all its operations from tonight and thus it is going to be a windfall gain for Spice Jet. Have a look at SpiceJet chart which shows that stock can target 140,150,160 levels in short term to medium term. If you donot want to hold stocks and want to get benefitted by intraday, than check best intraday stocks and start making money on daily basis.
However, the speed with which stock has gone up may also act as a catalyst for speedy fall and thus one need to be cautious while entering the stock as smart traders are already in the stock like our short term holding stock tips subscribers have already entered the stock. Please note that stock has a high RSI which shows that stock is overbought and thus one can see a downward reaction also. Thus this stock has been categorised under high risk and high return category stock. Long term traders can hold the stock with stop loss as 115.
Thus if you are planning to enter, do so by putting the stop loss at your buy price and thereafter riding the up move. As on date Jet Airways is going to suspend all its operations from tonight and thus it is going to be a windfall gain for Spice Jet. Have a look at SpiceJet chart which shows that stock can target 140,150,160 levels in short term to medium term. If you donot want to hold stocks and want to get benefitted by intraday, than check best intraday stocks and start making money on daily basis.
