Holding 360 - if Jet bounces & travels upside first to 385-389 zone. Above 390 can travel to 410-420 zone- if this happens then we will conclude that 3rd wave is getting subdivided.
Key Support-360
Falling From Triangle
Trade active
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11:00 Hrs 18th Nov2016
Last Price@366
Early in the Bounce - Will this be Bullish Engulfing Pattern for Jet Airways to Fly Above
Bullish Engulfing Candle is Green Candle which engulfs prior red candle's real body -wicks or shadows are excluded or not taken into consideration.
We should keep a watch on this counter first it should hold 360-362 zone.
Comments
piptamil
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Awesome analysis as always abhishek.wave theory at its best.