tikkuk

jet airways : Long Position

Long
NSE:JETAIRWAYS   JET AIRWAYS INDIA
5
Gartley Pattern

Point B : at least 61.8% retracement of XA leg , should not touch or close above 78.6 retracement
Point C: at least 61.8% retracment of AB leg ,should not touch or close above 78.6 retracement
Point D: 127.2% extention of AB.


Jet airways formed a bullish gartley pattern on weekly charts .
Buy at 380
Target 505
SL at 314 (on weekly close basis)

Trade active
Comment: Seems it may hit the SL , I will wait
Comment: Sold 50% holding at 420
Comment: sold 50% of remaining quantity at 478.
SL revised to 420
Trade closed: target reached: booked full profit