Jet Airways can add another Rs 50-60: Bhambwani

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.”