The stock of Jet Airways jumped by around 9.5% today and is challenging crucial resistance near the 410/415 mark. If the stock manages to clear the resistance, it can head upto 480/500 levels in the short term (20% appreciation). Fundamentally, things are improving with pricing power returning due to difficulties faced by Kingfisher Airlines. A move below 330/340 levels will invalidate this view. A powerful breakout of a symmetrical triangle can speed up the ascent.
|Jet Airways heading for 20% plus gains in short term?|