The bulls effort to cross the resistance of 0.86784 seems in vain in the counter.
The bears have stamped their authority by resisting and rejecting the price action above the value of 0.86750.
Now, the counter has formed a double top pattern in the hourly chart, which is a strong reversal pattern.
Also, the ROC indicator has crossed into the negative...
SWING TRADING SELL JETAIRWAY at 203 SL 248 TGT 117
NSE:JETAIRWAYS traded on NSE with 3 times its average trading volumes with Maribozu Bearish below ichimoku cloud. Wait for a bounce back to sell into JETAIRWAY.
PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
These are for study purpose and any live trade taken on this analysis will have to get...