Take short on rise , Cheers
In candle chart, it shows there is still some room to move sideways or go down to reach the trendline. But the renko confirms to go for LONG. See the attached RENKO chart
one may go long please feel free to comment and follow
Below 540 Jet has Serious Trouble
JETAIRWAYS is moving around a four month long neckline. Now in a breakout/ Reversal Zone
NSE: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 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.
Selling on rising , and buying on downing
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.
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...
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 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.
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.
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
NSE: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.
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