AbhishekHSinghCMT

Jet Airways-Bounce back is done at 488?

Short
NSE:JETAIRWAYS   JET AIRWAYS INDIA
128 views
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.


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 - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
https://t.me/wavetalks

Comments

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