Friday, 18 September 2009

See more upside in aviation stocks: Sukhani

There is more upside in aviation stocks, says Technical Analyst, Sudarshan Sukhani.

Sukhani told CNBC-TV18, "In aviation stocks these 18-20% gains suddenly coming in one day.- that is not surprising because these stocks were in a trading range for months and one of the first signs that this would happen came when Jet did not fall even when there was a strike going on. There is the potential here. You don’t actually buy it today because after such a big rally, the stocks are likely to correct and consolidate but my sense is that no matter what the aviation business does, this stock chart suggests that there is more upside possible. So these are stocks you want to watch and buy the next time they consolidate.”

Source: Moneycontrol

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