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
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
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.
Day's Low@301.45
Selling from the zone 410-413.
Almost close to the target zone 397-400.
Trade active:
22:23 Hrs 2nd Feb2017
Awesome!!!
Hot Knife in a Butter
Awesome!!!
Hot Knife in a Butter
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
Last Price@380
Day's Low@375
Again a down day -slowly it is heading down to 330 -that will be amazing
Trade closed: target reached:
4th Feb217
Last Price@379.15
Surpassed Target zone @397-400 - recent Low@375 on 3rd Feb2017.
Last Price@379.15
Surpassed Target zone @397-400 - recent Low@375 on 3rd Feb2017.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Sorry for the typo mistake again & apologies its 401.45 & not 301.45 as mentioned wrongly above.