JET AIRWAYS (INDIA) LTD BSE:​JETAIRWAYS

Long Jetairways as per data analysis

Jet airways can be a good bet for target of 890+ @ 770-776.

JetAirways had lost altitude too steeply. 500 price mark is the psychological barrier, once crossed could move upto 534 initially. Strict SL at 457

Perfect ABCD Pattern. Tweaked little bit according to support & resistance. 50% passes thru small gap. See how price retraced.

It has crossed important resistance at 620 range comfortably. Next resistance will be at 665 levels. So we can target 660 price target for the airline company.

JETAIRWAYS has been in a strong uptrend and the price action is just giving signs of more upside movement. The up and down arrows determine major swing highs and lows. Long at current levels with a stop loss below previous swing low of 566 which would indicate a change of trend. Keep the trade until it shows signs of weakness or becomes range bound.

minor reversal

It is been observed that the price action breaks above the resistance zone of 610-620, which is now become a support levels for the further move up. Indicating buyers comeback after a short consolidation. Target 1: 650 Target 2: 660 Stoploss: 610

It is been observed on the daily and hourly chart that the price action is forming lower lows and lower highs, indicating a weakness in price action. Now, it shall further dip down to next support levels. It is a broadening wedge pattern. Target1: 580 SL- 595

JetAirways taking support at trendline and should start moving up to 425 soon.

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.

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