Thomas Cook, BLS International: How to trade these travel-related stocks?

The weekly chart of Thomas Cook shows a consolidation breakout above Rs 40, indicating a positive outlook from a medium-term scale

travelling, coronavirus, air travel, flights, passengers, tourism, aviation
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Travel stocks

Avdhut Bagkar Mumbai
After suffering a lull, on account of the Covid-19 restrictions, those in the travel business are looking to bounce back on the back of a pent-up demand from domestic travellers during summer vacation.

The trend offers some succor to the tourism sector that saw business getting scorched by the pandemic. MakeMyTrip, for instance, is noticing up a 70 per cent rise in daily holiday bookings for the upcoming summer compared to bookings made for the winter in 2020. READ MORE

Given this, is it a good idea to buy travel-related stocks now? Here's what charts say.

First Published: Mar 19 2021 | 12:24 PM IST

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