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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
JET AIRWAYS - BUY
CMP: Rs 540.65
TARGET: Rs 625
STOP LOSS: Rs 500
The stock has recovered strongly from the bottom made at around 450 levels and has been on a good run up. It is anticipated to give a breakout above the previous peak level of 550 and to have a further upward move. The RSI is on the rise along with the MACD indicator. With good decent volume participation, we recommend a buy in this stock for an upside
JET AIRWAYS - BUY
CMP: Rs 540.65
TARGET: Rs 625
STOP LOSS: Rs 500
The stock has recovered strongly from the bottom made at around 450 levels and has been on a good run up. It is anticipated to give a breakout above the previous peak level of 550 and to have a further upward move. The RSI is on the rise along with the MACD indicator. With good decent volume participation, we recommend a buy in this stock for an upside
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