Jet Airways- Magical Trendline

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Yet again this trendline is so beautiful that Jet has paid respect to that line. Last traded at 465 lows -very close to the prior lows likely could be v-wave developing or b-leg in iv-wave once it crosses the trendline stays above or it goes below 453 lows to finish below 453.

Comment: 10:31 Hrs 10th Oct2016


It has crossed the trendline -"laxmanrekha" so sellers should be careful.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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hope the downmove from 503 to 465 is the v wave and hope it goes below 453. Looking to go long once below 453 and reversal signs are there. Current downmove is low on volumes and therefore a bit risky.
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