Long Jet Airways Jet Airways
CMP - 103
Stop - 70 on DCB
Expectation -
T1 - 170
T2 - 400, Review at 170
Expected Holding Period - 120 trading days or earlier for T1
Ideas being shared only for educational purpose
JET
Buy JET AIRWAYS (Longterm Bet) Stock is at major support level of 275. Volume buildup suggests good accumulation at lower levels. Business should remain intact. All prospects are positive. Buy this for longterm and if lucky these levels may never be seen again.
JETAIRWAYS shortSell Jet airways at 751
Target price of 730-710
Future players can short March future
Option players can JETAIRWAYS 760PE FEBRURARY FUTURE AT 15.25RS FOR A TARGET PRICE OF 19-23-26
Happy trading!
JETAIRWAYSStock seems to be forming 5 wave impulse in downward direction. Some more downside possibly till previous low looks likely. Volumes at low are still low even in daily charts indicating buying has still not happened. Would look for divergence for confirmation of bottom.
