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

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
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle


Good analysis...yday shrtd@445 1 lot.
Jet Airways reached the high 425. What next. Will it cross the high level or take support and go down in March 2017.
in the case of jetair also the level of 425 was breached.what next
yes absoltely u r right i agree n respect ur calculation
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
AbhishekHSinghCMT VimalVashisth
@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.
Next update for sell?
Super analysis. Do you have any view on Lupin. I can see alot of accumulation on screen.
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