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
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 - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave
Comments
Jet Airways reached the high 425. What next. Will it cross the high level or take support and go down in March 2017.
Reply
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.
Reply
Super analysis. Do you have any view on Lupin. I can see alot of accumulation on screen.
Reply
Exploded to 397
Came out of the Ban Period