Jet Airways- Weak below 410-413 Zone

Jan 31, 2017

If Jet Airways sustains below 410-413 zone -likely selling pressure can be seen & initially could travel into 397-400 zone. Going below 410 -strict stops to be maintained above 419.
Last update we had a bounce above 403 to expected close to 418.35 -if 418.35 would have held -it could have been selling trade keeping 418.35 intact.

Unfortunately, we should trade what happens & not what could happen- which is where trader gets trapped.

Previous Analysis

Going below 507-515

Monthly Triangle - Bigger Picture

Jan 31, 2017

Trade active

15:00 Hrs 31st Jan2017

Day's Low@301.45

Selling from the zone 410-413.

Almost close to the target zone 397-400.

Jan 31, 2017

Note

15:10 Hrs 31st Jan2017

Sorry for the typo mistake again & apologies its 401.45 & not 301.45 as mentioned wrongly above.

Feb 2, 2017

Trade active

22:23 Hrs 2nd Feb2017

Awesome!!!

Hot Knife in a Butter

Feb 3, 2017

Trade active

18:52 Hrs 3rd Feb2017

Last Price@380

Day's Low@375

Again a down day -slowly it is heading down to 330 -that will be amazing

Feb 4, 2017

Trade closed: target reached

4th Feb217

Last Price@379.15

Surpassed Target zone @397-400 - recent Low@375 on 3rd Feb2017.