AbhishekHSinghCMT
Short

Jet Airways-Bounce back is done at 488?

NSE:JETAIRWAYS   JET AIRWAYS INDIA
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2
Going below 450-453 zone will confirm that new down leg could start. At 488 mark -Wave A-B-C combined retraced 38.2% of the fall from highs of 562 to 443- can be possible if it is the more bearish case. Likely we want Jet Airways to move below 450-453 zone to give us more confidence.


Nov 03
Trade active: 22:18 Hrs 3rd Nov2016

Day's Low@454.10

We have a risk of 1 point if it goes below 453- likely it will start downside else we will wait for push up again.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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Comments

great analysis sir......
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Thanks Abhishek. On safer side can we go short below 451?
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