Jet Airways can add another Rs 50-60: Bhambwani

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Jet Airways can add another Rs 50-60: Bhambwani

Jet Airways can gain another Rs 50-60 maybe even Rs 75 before a selling pressure comes in, says Technical Analyst, Vijay Bhambwani.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Jet Airways See messages about Jet Airways Jet Airways BSE | NSE 13/02/12 Are Mutual Funds betting on Jet Airways?

Technical Analyst, Vijay Bhambwani feels that Jet Airways can gain another Rs 50-60 maybe even Rs 75 before a selling pressure comes in.

Bhambwani told CNBC-TV18, "I think Kingfisher will run into a selling pressure between Rs 58 to Rs 60 levels. As far as Jet is concerned, it is showing a little more robust chart pattern on the weekly charts showing a sort of a rounding bottom formation which would actually mean that the stock can gain another Rs 50-60 maybe even Rs 75 before a selling pressure comes in."