It's the final leg (E) which is unfolding as per larger picture & previous update in Jet Airways.
In the short term, there too is a triangle in X-Wave.
Either I will take short when prices come & touch the (a) -(c) in the x - wave triangle which comes in the zone 590-600 Keeping in mind c-wave high@626 should not be broken on top & also first I will see whether (a) -(c) is offering resistance or not & then likely I will take short with key & critical resistance at 626- going above that shall negate whole structure.
Going below 507 - surely there will be selling pressure & likely we will see 240-260 zone in coming months
Jet Airways Landed on Trendline Yesterday -Made Day's low@524- Vow
One should use these small things to get small movements for the day. "Chote packet mein bada maza".
Jet crashed - oh it broke the trendline & made day's low@475.
Trading at 455
Jet Airways crash..crash..crash
So pleasing to the eye
Likely we will wait to see the bounce due to green global indices.
Going below 393- likely we get 385-387 as the short term target & going above 404-405 we shall look for 410-412 & if sustains above 412 then 418-420
Our key level is 443 - likely keeping wave -2 in two places as it is a case of doubt- which I shall place it later looking at market actions later.
Going below 393 - we got the target of 385-387 & got extended as well.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ