It has been observed the price action has formed RSI hidden bullish divergence. Buy above - 479 Stoploss - 475 Targets - 485, 489 and 493 Sell below - 475 Stoploss - 479 Targets - 471 and 467 Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 20th April 2017 only.
raising wedge formation broken the wedge with long dark candle stop loss 512 targets 475 458
Buy above 526 Stoploss - 522 Target 1 - 530 Target 2 -534 Target 3 - 537 Target 4 - 542 Sell below - 522 Stoploss - 526 Target 1 - 520 Target 2 - 517 Target 3 - 512. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 6th April 2017 only.
On JET Airways daily chart, we have a potential Short opportunity at the D leg completion of bearish BAT setup . The price reversal zone is between 534 & 562 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Stop loss would be placed above X leg structure support . Target 1 - 459 Target 2 - 413 (When...
One can enter after Close above 489 With SL of 484 and Target can be 503/534/549 Short term Holding not for Inter day Cheers
I will be entering above 456.50 For Target of 460/465 With SL 453 for day trading Cheers
Enter after small Retrace can Go short at 442 With Stop Loss of 445 for Target of 435 for day trading only
Stock formed H&s pattern that show stock will hit 470-500++ soon with sl 419 as last day entry given at 430
Price seems to have found nice support near 370-380 zones on the weekly charts. Last week's rise seems to be an indication of buying interest at support. Once the levels of 430 is crossed on the charts, a short term move to 480-500 seems possible. Will consider for Long next week on a small retracement. SL below low of last week is a bit steep for my liking....
-Very nice setup as you can see, price is in last 5th wave of wave c which will complete the whole structure. -Will update how the structure unfolds regards
JetAirways taking support at trendline and should start moving up to 425 soon.
As per previous update - Harmonics + Elliottwave@351 - as expected 2 sets of target achieved 23.6% at 375-377 & later pushed above 380 to 385-387 zone with day high@386. The impulsive wave from 425 to 363 which I am taking as Wave A or Wave 1 - Wave B or Wave 2- which was a corrective sequence ((w)) -((x)) -((y)) & shall be looking next for Wave C or Wave 3...
Double Brackets mean circled I am still open for wave -2 completion which will be done with the push in the form of ((y))-wave in yet to complete wave-2 but this time we have a harmonic bullish crab pattern as well at lows@351- which can give us little confidence. Trading Strategy Either we will wait for prices to cross 360 & sustain above that level as the...
Wow!- Amazing Week to start with another piece of stock which travelled in a choppy manner & looks to complete X-wave as expected from the tops@380-382 to desired zone of 365-368. Here we will wait to see market reaction & then likely participate in the bounce Y-wave for which confirmation is still required. As suggested in a previous update that if Jet Crosses...
Here, i have identified a potential long setup in JetAirways. It's a short-term positional trade. CMP - 378 Date - 6 Feb 2016 I have written notes on chart to help you trade. Thanks. Will be updating you. Regards.
Trading The Turbulence@410-413 Jet Airways Ltd. On Friday posted a nearly 70 percent fall in its third quarter net profit at Rs 142.38 crore as a steep rise in fuel costs and other expenses took a toll on its bottom-line. The full service carrier had a net profit of Rs 467.11 crore in the year-ago period. Technically, we traded this turbulence price wise & I...