JETAIRWAYS trade ideas
LONG JET AIRWAYSSo, the price respected golden ratio at 61.8 fibs of its recent impulse from low 160 s to 360s. The correction was respected at 240. Try to draw a fib on weekly / daily to get an idea of it.
Today, the stock jumped 16% on the news that Naresh Goyal is liquidating his holding (major shareholder). Why ? to give the money back to the lenders as a part of the revival plan for the dilapidated airline. TATA is backing them up (not clear but a rumor). Whatever it is, the news that Naresh Goyal is stepping down as a major shareholder was enough for the stock to jump as it was in a very much decisive state by looking at the price action.
The real question is now? Would you Long it? you got to have balls/courage to step into this.
The reward would be 5:1. Long from 275 / current price.. target for June 2019 : 550. S/l: up to your risk ability (i would prefer sub 250)
Take risk because you won't be rewarded for not taking a position. better to go with holding physical stock because they gonna split in the coming months to raise more cap from the market to compete with its peer #INTERGLOBE AVIATION. Value Value VAlue !!!.. worth being wrong here. That's how you blend Fundamentals with technicals.
BullishJet Air today crossed 3 month's 1/1 resistance angle at 270. If it manages to remain above the level, intermediate target can be 385.
[Positional] Jet Airways Breakout trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Jet Airways-Short and may bounce backJet Airways-Short and may bounce back, there will be short term short and it will bounce back. We can see this may reach 360+++ in coming future.
May turn bullish Jet Air: Not likely to close below 249 in short term, intermediate target being 380
Jet Airways will again touch 180 levels in coming months.Jet Airways will again touch 180 levels in coming months.
JETAIRWAYS (Jet Airways (India) Ltd) #SELL BELOW 249JETAIRWAYS (Jet Airways (India) Ltd) #SELL BELOW 249
JetThat pink line is pretty important.. although megaphone is in place , longs can be initiated if it crosses pink.. on my radar.
Jet Airways Positional Buy - Never lose your money & Never forget that. - Margin trading is NOT recommended.- Do your own analysis before initiate trade.
Buy Below 308
Target 512
Stop Loss 180
Duration 100 Trading Days
Jet Airways:Weekly chart. Beautiful and clear flag pattern seen.Jet Airways:Weekly chart. Beautiful and clear flag pattern seen. Breakout will take to 240. But real bull trend in Jet airways will not come till it crosses 370
Probable Upside..........Explained in Chart.
Disclaimer:
All my post are for educational purpose, non-directional & non advisory
Make or Break Level Keep Watch on Jet... it is at Make or Break Level.. Breakout above may fly and Below may Crash.
JET look's attractive to shortjet airaway's look's good to short with good riskreward...
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Desclaimer:- The call is only for educational purpose,consult your financial advicer before taking trade
