Jet Airways- Larger Trend is down

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As explained earlier, it is a recovery rally to low made@443 from highs@562- expecting a bounce atleast till 500-505 zone- one should understand trading corrective waves is always will be tough.

Trading Strategy
Either wait for the bounce in the zone 500-505 for a bearish opportunity or going below 452-450 will indicate pressure in the stock & by that channel will also break to the downside.

The bounce which started from 443 - I assumed it will be good upside, but my hopes are crashed as it has taken so many days & not giving big moves.

Short tern wise look to trade the channel break either side.

Previous Update- Flight 507515 landed- Are you ready for take off?
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
exited the longs..too slow the bounce
JetAirways had a trending move since it had a fall below 507 & had volatile sessions to reach the low. When it came close to 449-I even warned that it could be turn around point & likely it has travelled 480 + but I even suggested that trading corrective moves are always tough why -because they are time consuming pattern & complex at times. So, one should keep a watch on this stock for downtrend opportunities which will create more exxcitement.
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