amankavi
Long

Jet - Crucial resistance breakout

NSE:JETAIRWAYS   JET AIRWAYS INDIA
Scrip is near to cross the crucial resistance level and touch 52-week high level (646) and go beyond

Be wary of doji candlestick which had resulted in trend reversal (pullback) earlier

Planning to enter intra-day
Enter above 624
TP - 630, 635, 640, 647, 650
Sl can also be taken as per risk appetite
Rest in chart..
Comment: Be wary of doji candlestick which had resulted in trend reversal (pullback) earlier.

The stocks has a very low percentage of Shares Delivery Quantity To Total Traded Quantity henceforth, it could be seen to be manipulated by traders. This would signify that there is more squaring-off on the same day in the stock. It could be safe to assume that there is more trader interest in the stock, rather then long term investors interest.
Comment: Trend reversal appearing..gone for SHORT
Trade active: Reached 596..
Comment: Still, the scrip is showing weakness by somewhat formation of evening star pattern which is sign of bearish reversal..
Comment: Very well, Jet is looking to poised newer highs
Aiming now after trend reversal (Intra-day)
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