KumarAbhilash

crude fall impact on aviation : analyzing jet spice indigo

NSE:JETAIRWAYS   JET AIRWAYS INDIA
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Volatility in oil markets poses a risk for airlines. An increase in crude oil prices lifts the industry’s largest input cost. a price decrease can reduce input cost.While weakening crude oil prices enhance profits, they can also lead to lower airfares, spurring demand for travel and pushing airlines to increase capacity.
however
"Airlines are tending to strike the right balance between adding capacity, banking the benefit of cheaper fuel, and holding the line on passenger yields."
fundamentals aside lets analyse each through charts.
jet airways-
as shown in chart stock has broken previous top and ready to hit previous weekly top also

buy with sl of 535 for 620

spice jet- 20 june2015 at 17, 20 june 2017 at 123

similar to jet stock broke out for the target of 150+
also weekly price breakout target is placed at 145 . so i expect price to come in that range before any correction.


indigo

the party has already begun
but any price correction towards 1200 is a buying opportunity with sl of 1170 we can expect previous top 1380.
option route can be best in this trade.
and not to miss crude


* these r my views . i may be completely wrong.
Jun 21
Comment: aviation moving fast
Jul 06
Comment: jet from 546 to 595
Spicejet really rocking
Entered 115
Can I hold for long term.you want exit 150?
Reply
KumarAbhilash RaghuveerMunipalli
@RaghuveerMunipalli, sir have a look on crude chart once and correlate crude and airline stocks. in short term its inversely proportional . in short jab tak crude pit raha h inki udaan high altitude pe rahegi . jab crude rukega back to fundamentals
Reply
RaghuveerMunipalli KumarAbhilash
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