NeeteshJain

JETAIRWAYS - BREAKOUT DESCENDING TRIANGLE (SELL)

Short
NeeteshJain Pro+ Updated   
NSE:JETAIRWAYS   JET AIRWAYS INDIA
It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall ahead.

Target: 400
Stoploss: 505
Risk Reward: 1:1
Trade active: Wow, This is going good, a big target to achieve next. Lets aim big here.
Trade closed: target reached: Yesterday, Target reached successfully. Regards
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