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crude fall impact on aviation : analyzing jet spice indigo

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Volatility in oil markets poses a risk for airlines. An increase in crude oil prices lifts the industry’s largest input cost. a price decrease can reduce input cost.While weakening crude oil prices enhance profits, they can also lead to lower airfares, spurring demand for travel and pushing airlines to increase capacity.
however
"Airlines are tending to strike the right balance between adding capacity, banking the benefit of cheaper fuel, and holding the line on passenger yields."
fundamentals aside lets analyse each through charts.
jet airways-
as shown in chart stock has broken previous top and ready to hit previous weekly top also
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buy with sl of 535 for 620

spice jet- 20 june2015 at 17, 20 june 2017 at 123
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similar to jet stock broke out for the target of 150+
also weekly price breakout target is placed at 145 . so i expect price to come in that range before any correction.
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indigo
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the party has already begun
but any price correction towards 1200 is a buying opportunity with sl of 1170 we can expect previous top 1380.
option route can be best in this trade.
and not to miss crude
crude oil- head and shoulder


* these r my views . i may be completely wrong.
Not
aviation moving fast
Not
jet from 546 to 595
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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.