Jet Airways- Bullish Harmonic Done@351 to 385 What Next?
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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
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
Feb 21
Trade closed manually:
22:28 Hrs 21st feb2017
Sell Call did not activate & failed to trigger below 379
Sell Call did not activate & failed to trigger below 379
Best Regards,
Abhishek H. Singh, CMT
Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Abhishek H. Singh, CMT
Growth Director - India
http://in.tradingview.com
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Comments
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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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
Reply
@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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Super analysis. Do you have any view on Lupin. I can see alot of accumulation on screen.
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Exploded to 397
Came out of the Ban Period