Avoid buying Jet Airways stocks: Hemant Kale
It does not change into an uptrend with this rise, so ideally it is better to avoid getting into this stock at the moment.
By ET Bureau |
ET Now caught up with Hemant Kale, MD, Maia Financial Services Pvt to get his views on Jet Airways.
Jet Airways stock is up almost 3%, domestic traffic is also up about 25% & according to newspaper reports it is also in talks with FedEx for a cargo venture. What are your views on Jet Airways stock?
Jet seems to be in a corrective mode at the moment. At the moment it is in an intermediate downtrend. This rise of about 2.5-3% does not seem to really attract because it does not amount to a change in the trend which is down at the moment.
It does not change into an uptrend with this rise, so ideally it is better to avoid getting into this stock at the moment.
Jet Airways stock is up almost 3%, domestic traffic is also up about 25% & according to newspaper reports it is also in talks with FedEx for a cargo venture. What are your views on Jet Airways stock?
Jet seems to be in a corrective mode at the moment. At the moment it is in an intermediate downtrend. This rise of about 2.5-3% does not seem to really attract because it does not amount to a change in the trend which is down at the moment.
It does not change into an uptrend with this rise, so ideally it is better to avoid getting into this stock at the moment.
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