I am looking this as triple three pattern
most likely they will move the price in side ways market until all the Open market orders are absorbed
I have pulled some trend line , price can be slightly here & there but it will be most likely in the same horizontal pattern
One can look to trade with in this range with pre-defined stop & exit methods
it will be...
Discussed last week as to how jet might be in accumulation stage on a 10 year support level .
If the business is shut down ,why is it not going to zero ? High chances of a bounce back if in talks with other airlines , only time will tell .
Can go long above 150+ with stop loss of 120 and for targets of 200 .
TRADE NIVESH: Shares of Jet Airways NSE 10.34 % surged nearly 9 per cent in morning trade on Tuesday, snapping the losing streak of past three consecutive sessions, during which the stock had come off 41 per cent.