Exit SpiceJet below Rs 54: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "SpiceJet is stuck into a range over a year now. However, I would say that the basic structure still looks okay because I would still view it as consolidation unless Rs 54 breaks. If Rs 54 breaks, one should jettison the stock, simple."He further added, "One might get up moves maybe to around Rs 80 zones. That is the place one should exit and stay out."