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...
Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.
will Jet touch 330 and make triple bottom to fly ?
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...
Its been observed that JETAIRWAYS is @ daily downward trendline - Facing Resistance at 412. This can go further down once dips below 400 mark. TP: 380 SL: 415
Box has 3 legs - shown as green arrow upside- red arrow downside & pink arrow upside again to recent high@418.35 Trading Strategy 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...
NSE:JETAIRWAYS major double top + trendline break What to do ? Short - when the 15 min candle high is below the red line Target ? Blue line
Failing to cross 423, Jet should resume downward leg
Rectangle channel in Jetairways. Breakout will result in possible targets - 410, 415,424
Jet wants to fly high. Lets see whether gartly gives support to this or not. :)
NSE:JETAIRWAYS see what happpens when the stock touches these lines and how it behaves in these zones. and then trade accordingly. Cheers !
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 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!
It is been observed on the daily chart that the price action breaks above the downward trendline and it shall now move forward to 38.2% and 50% retracement levels. Target: 355 Target: 360 Stoploss: 341