AbhishekHSinghCMT

Jet Airways- Can 100% FDI in Aviation Industry will give C-Wave?

Long
NSE:JETAIRWAYS   JET AIRWAYS INDIA
3
India has decided to allow overseas entities—excluding airlines—to own 100% in domestic airlines as it seeks greater foreign direct investment ( FDI ) inflows into the country.

While the foreign airlines are keen to have a 100% stake in Indian airlines, they have been excluded & the news that they could inch closer to this deal will keep them elated & excited - most likely shall give us our required C-Wave which retraces 50% of the fall from 562. 40 highs to 443 lows in the zone 500-505.


Channel Bottom- Can it work
Trade active: 10:25 Hrs 1st Nov2016

Day's High@488

Trading@479

It was bound to happen - as expected C-wave since long time- well market never gives easy money -it will always test trader's patience, but in larger view one should know where it is heading else patience might turn into a problem.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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