JETAIRWAYS BreakoutJETAIRWAYS is moving around a four month long neckline.
Now in a breakout/ Reversal Zone
JETAIRWAYS trade ideas
Jet Airways is set to fly to its Lifetime HighsNSE:JETAIRWAYS is set to fly to its Lifetime Highs to 790s or so . Has broken Out the neckline of Inv H&S pattern , with good addition on long side and volumes.
Jet - Channeling or Falling wedge?!?!Jet Airways landed near strong support zone it may bounce from here above 563 can bought for target of 600.
If continuing the falling wedge pattern it may fall till 515. Short can be initiated below 545.
JetAirWays - Ready to break!Buy above 595 with the stoploss of 591. Targets are 600, 607 and 615. Sell below 591 with the stoploss of 595. Targets are 585, 578 and 570.
Weekly Out look on Jet airways I am bullish on this stock , short term correction and long term bullish
The short term trade would to tag the lower ascending TL near 520/515 and looking for reversal to take long on long term target of 790+
i am not looking for short sell as it would be very short lived , i am looking this for reversal sign only for long position
there is another possibility that they will make straight up ward form current level which could be surprising to short seller ,
Lets see how it unfolds
Regards
JETAIRWAYS showing strength with increasing momentum 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.
Jetairways may shatter it's hurdle resistanceJetairways looks stronger and this time it may break it's strong hurdle resistance of 630 and move higher.
One can buy for target of 650, 665 & 680. SL 590.
JETAIRWAYS waiting for 660 traget.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 - FLYING TO NEW HIGHSIt 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
JET AIRWAYS ready to test its all time highsNSE:JETAIRWAYS is ready to test its all time highs of 790s , Broke out the neckline of Inv H&S with good volumes and good longs.
Possible set up for day trade I am looking the stock have shown strength , it will brake immediate level of high 625 and can tag 630/633 On Monday
I am expecting a pull back near 600 to hop in , if the stock Gaps away then it will be short lived till 640/645 then can expect some correction for day or two
Regards
JetAirWays - Aug 3 Day Trade!Buy above 595 with the stoploss of 592. Targets are 599. 603, and 607. sell below 591 with the stoploss of 594. Targets are 587, 583 and 577. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
# 004 JET AIRWAYS JET AIRWAYS LAST MONTH DELIVERY ACTION
22 day 11.08 %
15 day 12.21 %
10 day 10.39 %
7 day 13.00 %
5 day 12.71 %
3 day 12.05 %
1 day 13.27 %
also volume up
and bullish engelfing pettern @ 0.618 level
AB=CD pattern on Jet AirwaysAB=CD pattern on Jet Airways on weekly timeframe and the price already started to fall. It may be late entry at present level but still it will fall further downside. Grab the seat on jet airways.
Trade:
Short - CMP
Target 1 - 542
Target 2 - 505
Stop loss - 596
JetAirways - Dipping Down, Landing soon. 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 - Cup&Handle?Price action is trending near the resistance at 622 - 628 level unable to break it. Pattern formation is rounding bottom. If it forms a handle price will fall to 520 - 530 level. Price action will tell whether it is cup and handle or rounding bottom pattern soon.
Jet airways trying to move above the Falling TLJet airways weekly chart suggests that, the price is trying to move above the falling TL.
Can it reach 625 levels if its bought above 555 levels
below 519 the pattern gets invalidated.
Jet Airways Long on short term HoldingThe Stock is making higher high and also Forming triangle I am adding on my existing stock with stop of 515 for Target 625
the time duration may take another 1 month
Regards
JET AIRWAYS : SET UP IN MAKING 1. jet has given a good upmove in 2017.
2. crude oil prices also at lows of the yr..
3. avaiation industry seeing a revivival where talks of tata group taking over AI is doing the rounds...
set up :
1. momentum has started to decline ...
2. m expecting a reversal from now on..no timelines ..i just trade setups...as of now i have marked my levels and waitng for signs of reversal...
1. will wait for red candle now with RSI divegence...
2. if i get that i shall enter the break of 20 sma on hourly chart and enter more once 20 sma on daily is broken...
RADAR ON..
DISCLOSER : no posn as of now but waitg....
crude fall impact on aviation : analyzing jet spice indigoVolatility in oil markets poses a risk for airlines. An increase in crude oil prices lifts the industry’s largest input cost. a price decrease can reduce input cost.While weakening crude oil prices enhance profits, they can also lead to lower airfares, spurring demand for travel and pushing airlines to increase capacity.
however
"Airlines are tending to strike the right balance between adding capacity, banking the benefit of cheaper fuel, and holding the line on passenger yields."
fundamentals aside lets analyse each through charts.
jet airways-
as shown in chart stock has broken previous top and ready to hit previous weekly top also
buy with sl of 535 for 620
spice jet- 20 june2015 at 17, 20 june 2017 at 123
similar to jet stock broke out for the target of 150+
also weekly price breakout target is placed at 145 . so i expect price to come in that range before any correction.
indigo
the party has already begun
but any price correction towards 1200 is a buying opportunity with sl of 1170 we can expect previous top 1380.
option route can be best in this trade.
and not to miss crude
* these r my views . i may be completely wrong.
