JET AIRWAYS Price seems to have found nice support near 370-380 zones on the weekly charts. Last week's rise seems to be an indication of buying interest at support.
Once the levels of 430 is crossed on the charts, a short term move to 480-500 seems possible.
Will consider for Long next week on a small retracement.
SL below low of last week is a bit steep for my liking. The retracement, if it comes, may give a lower risk SL, if at all.
JETAIRWAYS
JETAIRWAYS - Ready to take off ? Here, i have identified a potential long setup in JetAirways.
It's a short-term positional trade.
CMP - 378
Date - 6 Feb 2016
I have written notes on chart to help you trade.
Thanks.
Will be updating you.
Regards.
JetAirways Long Short Term Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.
JET AIRWAYS - Short Term NSE:JETAIRWAYS
major double top
+
trendline break
What to do ?
Short - when the 15 min candle high is below the red line
Target ?
Blue line
Jet Airways - ZonesNSE:JETAIRWAYS
see what happpens when the stock touches these lines and how it behaves in these zones.
and then trade accordingly.
Cheers !
Jet Aieway - not able to takeoffJet airways must be ignored or shorted. Its relative strength in comparison to Nifty is very poor. When Nifty will fall on Tuesday, it will lead the fall. Evn after the fall is Nifty is completed, this stock shall not be bought!
Jet Airways Breaks Trendline to Take Off It is been observed on the daily chart that the price action breaks above the downward trendline and it shall now move forward to 38.2% and 50% retracement levels.
Target: 355
Target: 360
Stoploss: 341
Jet Airways " potential short"-As we can see a pin bar or inverted hammer pattern that denotes exhausted bulls.
-Target will be fib retracement levels
-And this could be the new impulse wave-1 to the upside, which I'll later on confirm.
JetAirways Potential Buy Opportunity!!JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond..
Happy Trading!!
Jet Airways is on the edge of long term support go either wayJet Airtways has been trading in bearish channel and is now on the edge of long term support. it may go either way on Monday,traders may wait to see the breakout downward, if occurred the short entry is advised with a target of 314, of if open green it may trade inside the bearish channel and will head towards channel resistance 416 in near term.
Trting to find a wayoutPrefer a stop loss @510. Going above 510 may take it towards 630 levels.
CMP 484.45
Target 1 441
Target 2 354
Stop loss 511
Jet Airways touching long term support 435.90Jet Airways trading in bearish channel trend since last six months, it has touched long term support today and also form a bullish hammer indicating the bullish move, it may go upward from 428.75 with a target of 510.00 in near term, trader may go long in this stock at CMP, before entry do cautious the breakout downward if it breaks support then it will further do down, exit will small stop loss if breaks 428.75.
JETAIRWAYS - BREAKOUT DESCENDING TRIANGLE (SELL)It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall ahead.
Target: 400
Stoploss: 505
Risk Reward: 1:1
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.
Jet Airways Breaking out Downward Trendline (BUY)Yesterday, the price action broke out through the downward trending line on hourly chart, where it confirmed the retracement as well. Now today, it is been getting over from the previous break out levels that indicates trend continuation. I believe it shall reach to 61.8 retracement level of the said down ward move.
Target: 580
Stoploss: 525
Jet Airways - Flying Higher, Breaking Up, Trending up Now the price action is building up momentum on 30 mins chart as observed. It shall move up to 564 levels. Stoploss 541
