Jet Airways- Weak below 410-413 Zone

WaveTalks Updated   
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
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.
15:10 Hrs 31st Jan2017

Sorry for the typo mistake again & apologies its 401.45 & not 301.45 as mentioned wrongly above.
Trade active:
22:23 Hrs 2nd Feb2017


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
Trade closed: target reached:
4th Feb217

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

Telegram Handle

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.