Jet Air ways may find new lows 160, 115 or even 80

219 3
,it will have strong resistance at the long term TL (support turned resistance) line around 280 - 300 range. Scrip is technically weak, and fundamentally a broke. The market is moving with reasons either for technical or fundamental objectives. So there is definitely a reason that the stock is oversold and can show some buying interest make an up move based on that, but it cannot give any better gain unless the company show a strong fundamental change in its financial. It is having a better sales, is a hopeful thing, it can bring in to good earnings any time.
Watch the volume game. The stock is have abroad equity base of 11.36 crore stocks with a 1.25 cr in public hand. The day to day trade is 4 to 6 crores and the Delivery % is very nominal. Caution advised.
Comment: A chain is only as strong as its weakest link
Thanks for the jet idea , i was about to go positionally long in Jet @ around 210 , looking @ the weekly support area,

Thanks for the Guidance
agreed . same view
but on trading front shall be shorted only below 238
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out