Spicejet - Turnaround

With the company getting enough money to turn around..they have paid all dues and are now clearing all lease payments too..

The stock fell but now is showing strenght. IT bounced from a support and went back above the 200EMA..The 200MEMA acted a perfect support too..

As long as the stock stays above the 200MEMA the turnaround is on.

Long at current price while doubling up above 63.

Stoploss for the trade below 58.