AbhishekHSinghCMT
Long

Jet Airways- 507515 Flight landed- Are you ready to take off?

NSE:JETAIRWAYS   JET AIRWAYS INDIA
332 11 5
Finally Today Jet Airways landed @449- vow -completed its 5 wave sequence. Let Jet Airways Take off in a retracement to the leg, which started from 560's highs which was an e - wave of the X-triangle. We shall look for retracement 50%, which comes to 505 & 61.8%, which comes to 518-520 zone.

Larger Picture -A Triangle in Jet Airways-- we are travelling in y-wave as larger picture


Bigger View of the last leg in above mentioned triangle (looking for 507-515 trendline to break)


Leaks from the triangle on account of surgical strike


Magical Trendline-did not allow Jet to fly upside






Trade active: 12:15 Hrs 14th Oct2016

Trading@451

Jet trying to put the gear back- guys keep a watch

snapshot
Trade active: 12:30 Hrs 14th Oct2016

Trading@456

Jet looks to fly -we will buy in a retracement of the current rally.
Trade active: 12:40 Hrs 14th Oct2016

Trading@460

Vow it looks so beautiful

snapshot
Trade active: 13:30 Hrs 18th Oct2016
Trading@461

Critical Low@443- Bullish Engulfing Pattern right at the bottom good sign for reversal. Any retracement should be looked for bullish opportunities till 500-505 zones

snapshot
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
it holds 450 it seems, good to buy ?
Reply
Yes, jet looking for the reverse. Likely we will buy in retracement.
Reply
Shreeux AbhishekHSinghCMT
SL, TODAY LOW?
Reply
Yaa, likely but need to monitor the price to see what kind of retracement happens - INFY was bad experience- up down up all gone. Jet should retrace till 505 & 518-520 zone -let us see what happens next.
Reply
dev_trader AbhishekHSinghCMT
Hi Abhishek, so far so good on levels. Are we still looking to be onboard @505 levels?
Reply
Now we hold this trade with 450-452 as crucial swing support - as it has done 38.2% retracement- need to check- still shall be hoping for 50% to 61.8% retracement but with strict support zone 450-452
Reply
dev_trader AbhishekHSinghCMT
Great ! Thanks Abhishek for your suggestion. Appreciate it.
Reply
Abhishek Bro, I believe it shall move further down, it is making new lower lows. Trade with cautious. Regards
Reply
No, I never said we will go long- are you ready for take off- we will start planning to buy asap as we get price confirmation- after price is my god, either-way we have already got 2 big moves -from 515 to 455 & below 486 to 450.
+1 Reply
NeeteshJain TOP AbhishekHSinghCMT
That sounds good. I just wanted to inform and share it with you. I wish you all the best Bro. Best Regards.
Reply
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