vanathi

Jet Airways - April 6 Day Trade!

NSE:JETAIRWAYS   JET AIRWAYS INDIA
266 6 12
Buy above 526 Stoploss - 522 Target 1 - 530 Target 2 -534 Target 3 - 537 Target 4 - 542
Sell below - 522 Stoploss - 526 Target 1 - 520 Target 2 - 517 Target 3 - 512.
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 6th             April 2017 only.
Order cancelled: Gap down opening today and I didnt take this trade.
Comment: Next day 4/7/17 the movement is like this.
its basically gap down and went longer than your set points for take profit , because the stock was latterly running higher high form weeks , so investors and small stock holding individuals felt its important to square off now than further low , that's only condition will put stock gap down or gap up in case of buying sentiments , but institutional investors are already out of the stock as Money flow index shows they are out form seen quite week ago , its good call but if you use Money flow index for Weekly charts you will come to know what is going on in the stock week by week difference
Regards
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vanathi shiv2798
@shiv2798, Yes. I agree.
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pk29121976 shiv2798
@shiv2798,
aCTUALLY , weekly chart shows resistance for jet @ 536.

D basic reason behind turning of the stock.
Reply
shiv2798 pk29121976
@pk29121976, sir try to catch the market sentiments , the stock was running more it can run form many days , so everyone was on board , when reached such point that they did not find the buyers for their stock at higher price then the current so they started selling the stocks , which eventually brought the price lower by lower , when supply increased the demand decreased , all candle formation is based on the preceding market sentiments , try not to see the completed candle as single , try to see the entire seen as one glance , so you will understand why investors started through the stock downward ,weekly chart candle formation is nothing but formation of day candles range , so if the day candles are bearish the weekly candle will be bearish , but why day candles are bearish because of the market sentiments , that everyone want to sell their stock in higher price but no one is buying that's why the started selling , Simple sir
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will it be active tomorrow ? just asking weather the same projection is possible for tomorrow trade ?
+1 Reply
vanathi shiv2798
@shiv2798, I will check and tell you.
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