If Jet Airways sustains below 410-413 zone -likely selling pressure can be seen & initially could travel into 397-400 zone. Going below 410 -strict stops to be maintained above 419.
Last update we had a bounce above 403 to expected close to 418.35 -if 418.35 would have held -it could have been selling trade keeping 418.35 intact.
Unfortunately, we should trade...
Box has 3 legs - shown as green arrow upside- red arrow downside & pink arrow upside again to recent firstname.lastname@example.org
We will look for a bounce close to or in the zone 410-415 -likely in the zone shall be preferred more as our risk element becomes very less -if you see it fails to take out 418.35 recent high & starts falling back below 410 marks that...
Jet airways must be ignored or shorted. Its relative strength in comparison to Nifty is very poor. When Nifty will fall on Tuesday, it will lead the fall. Evn after the fall is Nifty is completed, this stock shall not be bought!
Getting strong support at the price 338 Jet Airways started its journey smoothely irrespective of the rough weather. RSI shows positive divergence and downward trendline has broken. Buy Jet Airways with stop loss 350. Targets are 400 and 423. Its a long journey, long trade. Happy Trading! in.tradingview.com
Jet airways is landing down slowly and gradually. Unless it forms a double bottom at 338, it will fall further. As of now it is trending in channel. If the price can not sustain above 366 we can go short at the price 363 with stoploss of 367. Targets are 358 and 353. Happy Trading! in.tradingview.com
Approx 200 points fall below a trendline connecting lows@507 & 515. Recent low was 336. Can it touch 240-250 zone in coming months.
Recent Analysis Attached Below- How it all started with Jet Airways finishing its fuel above 500.
-As we can see a pin bar or inverted hammer pattern that denotes exhausted bulls.
-Target will be fib retracement levels
-And this could be the new impulse wave-1 to the upside, which I'll later on confirm.
It was interesting fall from 796 to 440 and now made 52 Week low at 336. And finally last week RSI reached 25 levels. So its a clear buy with initial target of 380 sustaining above this level can take further upside. Keep the stop loss below the recent low of 336.
JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond..