Deccan Aviation is looking good for intraday trading on Thursday. The stock gained 5 percent on Wednesday compared to previous close of Rs 261 on National Stock Exchange.

For today’s trading session, traders can buy the stock around 274 – 276 with a target of Rs 284 – 300. For intraday trading, a strict stop loss of Rs 270 should be used.

Deccan Aviation has been moving strongly on back of high volumes in past two weeks. The stock touched a high of Rs 328 on NSE. Technical Analyst Sunil Chavan suggested a buy call for short term in Deccan Aviation at levels of Rs 255 for a target of Rs 282. The stock remained bullish after it crossed Rs 275 levels and touched a 52-week high.

The stock reacted at higher levels and now is in a trading zone. Deccan counter is news based and gives a lot of variation in each trading session.

Investors with high risk can get into this stock for high gains. In case, you are making losses in any trading session, the stock not bad for a delivery to be sold within 1 – 2 weeks. We advise traders and investors to avoid panic selling.