#SPICEJET .. Consolidation is happening.. Buy opportunity soon
All analysis is presented on charts. Added to watchlist.
To understand higher timeframe structure you can see below
Currently stock is consolidating as can be seen on the chart. The buy opportunity will present after strong bullish closing above 84 levels with good volumes.
Due to the monthly trend line i think tgts of 90 are more likely. At least price is going to stall there for a bit. If a breakout from the higher TF Sym Triangle happens then that can be hugely bullish depending on closing and volumes.
PS- Thank you Averoy_Apoorv_Analysis for sharing this idea. I always like your content.
PPS- Link to the original idea is in the links below. Please refer to Apoorv's video for an exceptionally detailed explanation of what is going on here. I have tried to only build upon what Apoorv originally presented.
To understand higher timeframe structure you can see below
Currently stock is consolidating as can be seen on the chart. The buy opportunity will present after strong bullish closing above 84 levels with good volumes.
Due to the monthly trend line i think tgts of 90 are more likely. At least price is going to stall there for a bit. If a breakout from the higher TF Sym Triangle happens then that can be hugely bullish depending on closing and volumes.
PS- Thank you Averoy_Apoorv_Analysis for sharing this idea. I always like your content.
PPS- Link to the original idea is in the links below. Please refer to Apoorv's video for an exceptionally detailed explanation of what is going on here. I have tried to only build upon what Apoorv originally presented.
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