JETAIRWAYS trade ideas
JETAIRWAYS weekly chart study - Megaphone patternJETAIRWAYS weekly chart study - Megaphone pattern
Disclaimer: The projections are purely based on the past behaviour at various levels and duration taken to make certain retracements. No advanced/complicated theory from aeroplane science used here.
JET AIRWAYS BUY ABOVE 230INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 26, 2018)
JET AIRWAYS BUY ABOVE 230
NAKED PRICE ACTION TRADING- JET AIRWAYS- POSITIONAL TRADENSE:JETAIRWAYS
GO LONG WITH FOLLOWING LEVELS:
ENTRY: 197
TARGET: 210
GO SHORT WITH FOLLOWING LEVELS:
ENTRY: 175
TARGET: 165
The trade is totally based on PRICE ACTION patterns developed on charts. So the idea is to go with the break of symmetrical triangle on each side.
Seeing the volatility of the market every trader is going bonkers. Stop losses are hitting very frequently still if you have good risk management then the trade day can be made profitable. So trade as per your risk appetite and capital size.
STAY CONNECTED
EARN HUGE PROFITS; TAKE SMALL LOSSES
MyAlgo : xMRSI-Progresser: Intraday : 11Oct-JETAIRWAYS-LongBased on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 11-Oct-2018 for JETAIRWAYS
Buy Above(5Min candle close): 189.5 for targets -
T1: 190.9
T2: 191.8
T3: 192.7
SL: 188
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Jet Airways Trend Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
If one triggers and consolidate in middle, we have expiry tomorrow where we can deal with it.
Jet Airways: Will it rise again...???Jet Airways
CMP 275
In the current set up stock has the potential to rise up to 360 / 400 levels.
Important for the stock not to breach support at 260-266 zone. At current levels the stock provides good risk:reward ratio to go long.
Be cautious & exit Below 258 as that will indicate risks of stock going down to even 220-196 levels.
Take care & safe trading...!!!
P.S : You can find Previous updates on Jet Airways in the links below
JetairwaysWas already a sector under a lot of speculation
NEWS: passengers sueing for around 30 lakhs
negative kumo cloud
Kenyan below kijun
below 50 and 200 Moving average
Jet Airways Monthly Weekend Strategy - Turtle IdeaSell September 280 CE at 1.3 and Buy Jet Airways above 289.00
Jetairways Long StrategyJetairways is at multiyear Support, if price bounces back and break PDH, go long at PDH and if support is breached wait for candle to completely breach the support and then short on the breaching candles low.
STBT IN JETAIRWAYS SPET FUTSTBT IN JETAIRWAYS
DESCENDING TRIANGLE PATTERN BREAKOUT
SEPTEMBER FUTURES
SHORT@252.5
STOP@260
TARGET@235
LOT:1200
QTY:2
