AbhishekHSinghCMT
Short

Jet Airways- Bullish Harmonic Done@351 to 385 What Next?

NSE:JETAIRWAYS   JET AIRWAYS INDIA
511 8 7
As per previous update - Harmonics + Elliottwave@351 - as expected 2 sets of target achieved 23.6% at 375-377 & later pushed above 380 to 385-387 zone with day high@386.

The impulsive wave from 425 to 363 which I am taking as Wave A or Wave 1 - Wave B or Wave 2- which was a corrective sequence ((w)) -((x)) -((y)) & shall be looking next for Wave C or Wave 3 Down.

Trading Strategy
If prices fall below 379 -it could be a signal for a down move with stops above 386 -recent high-later once it dips below 374-375 that will give confidence more on the downside.

What to expect next?
It could be larger connecting wave- (X) where the earlier structure was (W) which broken into ((w))-((x))-((y)) or simply Wave-3 down or Wave-C-- In all the sequence what ever form it takes - we will expect immediate down move if above mentioned levels are respected as mentioned above in trading strategy.

You would love to read my previous updates

Harmonics + ElliottWave@351


Bang On Move -Trading X-Wave from 381 to 367


Trading the turbulence@410-413


Has the flight 507515 landed


Bigger Triangle -Larger Picture Year 2017

Comment: 09:38 Hrs 21st Feb2017

Exploded to 397

Came out of the Ban Period
Trade closed manually: 22:28 Hrs 21st feb2017

Sell Call did not activate & failed to trigger below 379
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Good analysis...yday shrtd@445 1 lot.
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Jet Airways reached the high 425. What next. Will it cross the high level or take support and go down in March 2017.
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in the case of jetair also the level of 425 was breached.what next
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yes absoltely u r right i agree n respect ur calculation
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abhishek tell whether our all analysis on short side like reliance n jet airways n axis bank n nifty will go wrong because us markets nasdaq n dow jones rockkks everyday n our market next day rockks
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@VimalVashisth, That is not the case -it happens everytime in euphoria & all bull markets -they become crazy so we should not get carried away. Yes, we don't have confirmation for taking sell calls.
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Next update for sell?
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Super analysis. Do you have any view on Lupin. I can see alot of accumulation on screen.
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