Buy Jet Airways on dips: Hemant Kale

ET Now spoke to Hemant Kale, MD, Maia Financial Services, on his views on the Jet Airways stock.


In the aviation space, if you look at Jet, you will see very unusual movement today. It is up about 8%. They are looking at more international routes and fundraising, while demand is picking up as well. What are the charts telling us?

Hemant Kale: Jet was in a correction mode in long-term intermediate downtrend right from 600 to levels of 400. Last two days, it has given real good spur from level of 400 to 500. It seems that some sort of a correction is over and we should start getting some upsides on Jet; however, my advice would be to buy more on dips and not go very aggressively at this stage and pick up the stock.