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
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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
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15:10 Hrs 31st Jan2017
Sorry for the typo mistake again & apologies its 401.45 & not 301.45 as mentioned wrongly above.
Trade active
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22:23 Hrs 2nd Feb2017
Awesome!!!
Hot Knife in a Butter
Trade active
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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
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4th Feb217
Last Price@379.15
Surpassed Target zone @397-400 - recent Low@375 on 3rd Feb2017.
Comments
skrais
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As it breaks 396 is short is still active for next leg?
WaveTalks
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@skrais, almost 375 done looks like it will pause now & do a bounce before falling back.
jaysonsamuel
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VERY NICE CALL SIR KEEP ROCKING GOD BLESS
WaveTalks
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@jaysonsamuel, Welcome, be careful in risk management that always helps getting trades correct & never marry any stock -throw your towels & run away -if you feel it could trouble you.