Jet Airways - April 6 Day Trade!

267 6
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.
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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
vanathi shiv2798
@shiv2798, Yes. I agree.
pk29121976 shiv2798
aCTUALLY , weekly chart shows resistance for jet @ 536.

D basic reason behind turning of the stock.
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
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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