AbhishekHSinghCMT

Jet Airways- Weak below 410-413 Zone

Short
NSE:JETAIRWAYS   JET AIRWAYS INDIA
13
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.
Comment: 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

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
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, CMT
​Growth Director - TradingView India

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