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
Technicals : Price is close to the trendline that has held since 2009. So far from a technical standpoint, we have no reason to assume that history will not repeat itself. Previous week's candle shows incredible volume (week with the fourth highest volume since inception). Nonetheless, the price failed to move lower. Large limit buy orders seem to be accumulating...
Hi All ,
If jet airways opens around 610 or below , execute following strategy. (if gap up opening of 620 or above don't take this)
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Target shown on chart. Let it go in any direction we will make money.
Buy 600 April call @ 38.5
Buy 600 April put @ 21
Options are...
AB=CD pattern on Jet Airways on weekly timeframe and the price already started to fall. It may be late entry at present level but still it will fall further downside. Grab the seat on jet airways.
Trade:
Short - CMP
Target 1 - 542
Target 2 - 505
Stop loss - 596
-Very nice setup as you can see, price is in last 5th wave of wave c which will complete the whole structure.
-Will update how the structure unfolds
regards
