Jet Airways-Short and may bounce backJet Airways-Short and may bounce back, there will be short term short and it will bounce back. We can see this may reach 360+++ in coming future.
JETAIRWAYS
JETAIRWAYS (Jet Airways (India) Ltd) #SELL BELOW 249JETAIRWAYS (Jet Airways (India) Ltd) #SELL BELOW 249
Jet Airways:Weekly chart. Beautiful and clear flag pattern seen.Jet Airways:Weekly chart. Beautiful and clear flag pattern seen. Breakout will take to 240. But real bull trend in Jet airways will not come till it crosses 370
JET AIRWAYS BUY ABOVE 230INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 26, 2018)
JET AIRWAYS BUY ABOVE 230
MyAlgo : xMRSI-Progresser: Intraday : 11Oct-JETAIRWAYS-LongBased on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 11-Oct-2018 for JETAIRWAYS
Buy Above(5Min candle close): 189.5 for targets -
T1: 190.9
T2: 191.8
T3: 192.7
SL: 188
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Jet Airways: Will it rise again...???Jet Airways
CMP 275
In the current set up stock has the potential to rise up to 360 / 400 levels.
Important for the stock not to breach support at 260-266 zone. At current levels the stock provides good risk:reward ratio to go long.
Be cautious & exit Below 258 as that will indicate risks of stock going down to even 220-196 levels.
Take care & safe trading...!!!
P.S : You can find Previous updates on Jet Airways in the links below
STBT IN JETAIRWAYS SPET FUTSTBT IN JETAIRWAYS
DESCENDING TRIANGLE PATTERN BREAKOUT
SEPTEMBER FUTURES
SHORT@252.5
STOP@260
TARGET@235
LOT:1200
QTY:2
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.
SWING TRADE IN JETAIRWAYS SEPT FUTSWING TRADE IN JETAIRWAYS
SEPTEMBER FUTURES
NOTE:THIS TRADE IS SUGGESTED ON BASIS OF OIL STUDY
DONE BY THE ANALYST WHO ASSUMES
TO SEE CORRECTION IN OIL MARKETS
BETTER TO CREATE LONG POSITIONS IN OPTIONS MARKETS TO
CAP THE DOWNSIDE
ITS A POSTIONAL TRADE IN JETAIRWAYS
BUY@286.5
STOP@280
TARGET@300
LOT:1200
QTY:2
BTST IN JETAIRWAYS SEPTEMBER FUTBTST IN JETAIRWAYS
SEPTEMBER FUTRES
BAD NEWS FACTROED
CRUDE OIL REVERSAL LOOKING GOOD FROM RESITANCE LEVE(BRENT CRUDE)
BUY@293
STOP@289.5
TARGET@310
LOT:1200
QTY:2
Buy Jet Airways at CMP 290 with a stop of 254 and Target of 370NSE:JETAIRWAYS has been in downtrend every Jan 2018 and from the highs of 870 the price has crashed to around 260 levels. Recent news of delaying the result had an impact on the price and investors initially weren't that keen on buying the stock.
Looking at the recent trend and especially looking volume structure there is clear signs of the stock being accumulated, I've used Price Voulme Trend (PVT) which is given a clear indication of price action and accumulation in the stock.
The stock has closed above the downtrend line and now the stock it's trying to retest this trend line. I feel the trend has reversed and we can look bor -2.73% buying opportunity NSE:JETAIRWAYS
Close above 303 will also confirm a double bottom reversal, which will also confirm a minimum 50 points jump from 303. So considering all these pointers go Long.
"Know what you own, and know why you own it." - Peter Lynch
Jet Airways reaching high confidence buy zones (TA & FA)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 in this zone, mostly institutions are stepping back in.
On the Daily chart, we also see a RSI bullish divergence (i.e. Bears are losing strength).
If this trendline were to break then the next logical support is at low 200s.
If one were to enter at the trendline without confirmation then it would be a gamble that could cost a loss of 50%.
Fundamentals : A few days ago, Media reported "Can't fly beyond 60 days, Jet tells Staff". Following this Jet Airways made a statement refuting such accusations (called it incorrect and malicious). *In my unprofessional opinion, might just have been a hoax by large operators to fill up their limit buy orders, pure speculation*. The company also denies any talks of a stake sale.
This year marks the highest losses for Jet Airways. Their operating profits are down to 3% whereas last two years they reported close to 13%. This could be due to the rise in Crude Oil prices. The inverse relationship of crude oils prices and aviation sector is very evident. If Oil were to push to $100 which looks unlikely at the moment then Jet Airways would be really in trouble. Govt subsidies would need to bail aviation sector out. Whereas on the flip side if Oil sees a correction to $50 then we have a green flag to hold for the next 2-3 years.
Another major spending that Jet Airways needs to deal with is, Maintenance costs. But in their defence, Jet owns some of the oldest flights in India so it would be unfair to compare maintenance costs with new airlines like IndiGo.
I believe in a few days, Jet will be publishing a report. After a complete analysis of the report, we might have more to go on.
Conclusion : I will be buying in only if I see a bounce and a second retest of the trendline. Sometimes in life, contrarian calls pay off.
Godspeed
_________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
Jet may fly againDear friends,
Jet has taken a nose dive from the 883lvl of high since 01/2018.
On monthly chart it has broken all the major Fibonacci levels, still we can have a possible support and bounce from the 270lvl.
May Jet fly again :)
JET AIRWAYS - BROKE UPPER RESISTANCE - 30M CHARTJET AIRWAYS today broke the upper resistance line of 2 months long bearish channel.
Broke the resistance of 316 and went up to 331.
A high move could be expected with a target of 20-30 pts.
Looks like a bear trap, #Bullish_DivergenceHuge CE OI created on Friday in expectation of very positive OPEC outcome.
Though Oil Prices are rising, things could turn around fast.
If Conditions are met then a huge short covering rally wiil be seen.
MyAlgo: xKSF-Diffuser: Intraday call:14Jun-JETAIRWAYS-LongBased on my "xKSF-Diffuser" predictive trading methodologies, its going to be a GREEN candle on 14-Jun-2018 for JETAIRWAYS
Buy Above(5Min candle close): 393.3 for targets -
T1: 396.2
T2: 398
T3: 399.9
SL: 390.2
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(13-Jun-18)-JETAIRWAYS-ShortBased on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 13-Jun-2018 for JETAIRWAYS
Sell Below: 389.7 for targets -
T1: 386.8
T2: 385
T3: 383.2
SL: 392.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)