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Why is PINC Research flying high with Jet Airways?
PINC Research has come out with its technical report on Jet Airways. Bullish moving average crossover along with oversold oscillators augurs well for this stock from a medium term perspective. Investors can buy this stock from a two-three months time frame with a target of around Rs 550.
PINC Research has come out with its technical report on Jet Airways .
Moving Averages crossover: The combination of medium and long term moving averages used to track the trend are in a bullish crossover. This is a very positive sign. This suggests that the downsides to this stock may be minimal from current levels and the medium term trend is likely to remain positive.
Oversold Oscillator: The medium/long term momentum (Stochastics) indicator is at oversold levels. It is also above its pivotal trigger line which confirms a postive trend. This is evidence that the price has minimal downside now.
Technical Commentary/ Observation: Bullish moving average crossover along with oversold oscillators augurs well for this stock from a medium term perspective. Investors can buy this stock from a two-three months time frame with a target of around Rs 550.
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