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
Failing to cross 423, Jet should resume downward leg
NSE:JETAIRWAYS see what happpens when the stock touches these lines and how it behaves in these zones. and then trade accordingly. Cheers !
Jet 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!
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
-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 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 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.
Prefer 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 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...
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...
Trade on either side of the breakout. I feel chart speaks for itself this time.
Stock 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.
short term long trade idea buy above the break of rectangle to be more safe
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
Now the price action is building up momentum on 30 mins chart as observed. It shall move up to 564 levels. Stoploss 541