AbhishekHSinghCMT
Long

Jet Airways- Harmonics + ElliottWave@351

NSE:JETAIRWAYS   JET AIRWAYS INDIA
951 views
15
951 9
Double Brackets mean circled

I am still open for wave -2 completion which will be done with the push in the form of ((y))-wave in yet to complete wave-2 but this time we have a harmonic bullish crab pattern as well at lows@351- which can give us little confidence.

Trading Strategy
Either we will wait for prices to cross 360 & sustain above that level as the entry point or we look for entries close to the 351-353 zone with strict stops below 351.

Target Zone
Initial Target Zone once it crosses 365 shall be 375-377 - Next 385-387

Previous Update

Bigger Triangle Interesting Half of Year2017


Had the flight 507515 landed


Trading the turbulence@410-413


Bang on move -trading the X-wave from 381 to 367


Trade active: 11:08 Hrs 16th Feb2017

Last Price@362

What's happening in Jet Airways!!!
Trade active: 11:19 Hrs 16th feb2017

Last Price@360.20

Its struggling in 359-362- better we wait for 2-3 points more on upside & sacrifice some bit more. Either enter close to 351 may be in the range 352-355 or above 363-364 zone if sustains above.
Trade active: 15:20 Hrs 16th Feb2017

Last Price@364

Day's Low@356.50 -oooooooooo
Trade active: 15:24 Hrs 16th Feb2017

Picture of the Day- Jet Airways

Trade active: 08:28 Hrs 20th Feb2017

Last Price@369

we will hold this structure with trailing stops below 359-362 zone- so every time it dips in 362-364 & bounces back it will be seen up.

Trade active: 09:23 Hrs 20th Feb2017

Last Price@375

Day High@377.85

Reached initial target of 375-377 as suggested from 353-355 -- Almost 20 -23 bucks --Awesome!!!

Trade active: 09:44 Hrs 20th feb2017

Last Price@374.75

Now I am out of this call & shall sit outside to see how it reacts next.
Trade closed: target reached: 13:51 Hrs 20th Feb2017

Last price@385

Exploded upside. Missed -got stuck at work.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Awesome !!
Reply
Awesome analysis as always...thanks for sharing...
Reply
Awesome!!! Great Trade Set up. Thanks heaps and apprecoiate
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A huge volume of 2 lakh shares on today's 5 minute chart around 10:25. Does this indicate anything? Do you look at volume in your analysis?
Reply
@VPS, At times not on regular basis - short term definitely no - volume on hour charts -most never cheat. Yes,Guys could be interested to buy from 350-360 zone which can be short term bounce as suggested . we are looking for that bounce & searching for entry point.
Reply
Thanks abhishek for the update. Will eagerly look into for the trade either at 353 levels or let cross 365. One dip towards 355 is possible for sure, would give short frame bottom. Will follow strict SL of 351 as suggested. Any views on Apollo hospitals?

Regards,
Prince
Reply
unbelievable analysis ur hardwork honesty n intellegency i salute u.....
+1 Reply
Jet airways is ban from trading in FNO.
Reply
neneram AMBRISH
@AMBRISH,
Yep Its Ban: market wide positional limit reached , only existing players can square off , No new open interest can be created till position fall below positional limits
+1 Reply
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