Long
Jet Airways: Can it fly higher...
Updated
Jet Airways
CMP 522.5
The stock has reversed and taken off in style from important support levels with higher volumes
The stock has gone above the red trend line giving signals of breaking out
On dips the stock can be looked for buying opportunity as it has important support zone at 503- 480 levels
A consistent close above 522 will increase its probability to fly higher towards 580 levels so keep a close eye on the stock and look for entry opportunity
This is a positional view
Take care & safe trading...!!!
CMP 522.5
The stock has reversed and taken off in style from important support levels with higher volumes
The stock has gone above the red trend line giving signals of breaking out
On dips the stock can be looked for buying opportunity as it has important support zone at 503- 480 levels
A consistent close above 522 will increase its probability to fly higher towards 580 levels so keep a close eye on the stock and look for entry opportunity
This is a positional view
Take care & safe trading...!!!
Note
Wowie...Jet Airways flies to 569
cmp 562 up 7%
Booking profits may be considered as per risk appetite
enjoy
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