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JET AIRWAYS (INDIA) LTD.JET AIRWAYS (INDIA) LTD.JET AIRWAYS (INDIA) LTD.

JET AIRWAYS (INDIA) LTD.

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JETAIRWAYS trade ideas

Buy Jet Airways at CMP 290 with a stop of 254 and Target of 370NSE:JETAIRWAYS has been in downtrend every Jan 2018 and from the highs of 870 the price has crashed to around 260 levels. Recent news of delaying the result had an impact on the price and investors initially weren't that keen on buying the stock. Looking at the recent trend and especially looking volume structure there is clear signs of the stock being accumulated, I've used Price Voulme Trend (PVT) which is given a clear indication of price action and accumulation in the stock. The stock has closed above the downtrend line and now the stock it's trying to retest this trend line. I feel the trend has reversed and we can look bor -2.73% buying opportunity NSE:JETAIRWAYS Close above 303 will also confirm a double bottom reversal, which will also confirm a minimum 50 points jump from 303. So considering all these pointers go Long. "Know what you own, and know why you own it." - Peter Lynch
NSE:JETAIRWAYSLong
by RITESH_TMR
Jet Airways reaching high confidence buy zones (TA & FA)Technicals : Price is close to the trendline that has held since 2009. So far from a technical standpoint, we have no reason to assume that history will not repeat itself. Previous week's candle shows incredible volume (week with the fourth highest volume since inception). Nonetheless, the price failed to move lower. Large limit buy orders seem to be accumulating in this zone, mostly institutions are stepping back in. On the Daily chart, we also see a RSI bullish divergence (i.e. Bears are losing strength). If this trendline were to break then the next logical support is at low 200s. If one were to enter at the trendline without confirmation then it would be a gamble that could cost a loss of 50%. Fundamentals : A few days ago, Media reported "Can't fly beyond 60 days, Jet tells Staff". Following this Jet Airways made a statement refuting such accusations (called it incorrect and malicious). *In my unprofessional opinion, might just have been a hoax by large operators to fill up their limit buy orders, pure speculation*. The company also denies any talks of a stake sale. This year marks the highest losses for Jet Airways. Their operating profits are down to 3% whereas last two years they reported close to 13%. This could be due to the rise in Crude Oil prices. The inverse relationship of crude oils prices and aviation sector is very evident. If Oil were to push to $100 which looks unlikely at the moment then Jet Airways would be really in trouble. Govt subsidies would need to bail aviation sector out. Whereas on the flip side if Oil sees a correction to $50 then we have a green flag to hold for the next 2-3 years. Another major spending that Jet Airways needs to deal with is, Maintenance costs. But in their defence, Jet owns some of the oldest flights in India so it would be unfair to compare maintenance costs with new airlines like IndiGo. I believe in a few days, Jet will be publishing a report. After a complete analysis of the report, we might have more to go on. Conclusion : I will be buying in only if I see a bounce and a second retest of the trendline. Sometimes in life, contrarian calls pay off. Godspeed _________________________________________________________________________________________________________________________ I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
NSE:JETAIRWAYSLong
by ShounakShetty
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