Looking at the recent trend and especially looking structure there is clear signs of the stock being accumulated, I've used Price Voulme Trend (PVT) which is given a clear indication of price action and accumulation in the stock.
The stock has closed above the downtrend line and now the stock it's trying to retest this . I feel the trend has reversed and we can look bor -2.73% buying opportunity NSE:JETAIRWAYS
Close above 303 will also confirm a reversal, which will also confirm a minimum 50 points jump from 303. So considering all these pointers go Long.
"Know what you own, and know why you own it." - Peter Lynch