JETAIRWAYS - Ready to take off ?

Here, i have identified a potential long setup in JetAirways.

It's a short-term positional trade.


CMP - 378
Date - 6 Feb 2016

I have written notes on chart to help you trade.

Thanks.
Will be updating you.

Regards.

Trade active

Trade active:

Couldn't follow up well after initial rise. Made a high of 384.5 and a low of 373.25, our SL didn't get hit.

But the other trade for today , Marico gave good returns. Thanks.

Trade closed manually:

Sl got hit. Closing the chart, doesn't interest me anymore.

Comment:

Took off big time. but a little late and on re-entry.
Will have this in mind next time.