Jet Airways trading in bearish channel trend since last six months, it has touched long term support today and also form a bullish hammer indicating the bullish move, it may go upward from 428.75 with a target of 510.00 in near term, trader may go long in this stock at CMP, before entry do cautious the breakout downward if it breaks support then it will further...
Always be careful of the levels mentioned. It's the final leg (E) which is unfolding as per larger picture & previous update in Jet Airways. In the short term, there too is a triangle in X-Wave. Trading Strategy Either I will take short when prices come & touch the (a) -(c) trendline in the x - wave triangle which comes in the zone 590-600 Keeping in mind...
Last Price@434.50 Going below 450-453- It was suggested that Jet could be in trouble- Did Oil started leaking
short setup pullback ready to fall
Going below 450-453 zone will confirm that new down leg could start. At 488 mark -Wave A-B-C combined retraced 38.2% of the fall from highs of 562 to 443- can be possible if it is the more bearish case. Likely we want Jet Airways to move below 450-453 zone to give us more confidence.
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Trading@456.50 This mid session was all bears- bulls will be excited if they get last half. Jet on a channel bottom can it bounce from 455 lows.
Trading@461.50 Please vote to get MCX & NSE FO data on TradingView - Ask for the link in common chat room where trader colleagues are discussing about markets. CC- Choppy & Channeled Jet Airways- One should really keep a watch for the leg, which is expected upside as the fall from 483.5 down looks very choppy & its moving in a channel. Any Move above the...
Trading@466 Likely -I am looking for that upside wave close to 500-505 zones as expected earlier- Taken a shape of A-Wave from 443 lows to 483.50 highs than a fall from 483.50 to 462.60 so we are close to start another wave upside which will finish that required time wise correction.
Looks like a Intraday Shorting opportunity in Jet. Also broken a trend line support. It has taken the Fib Retracement resistance now. Highlighted the targets and SL area. Target 1- 453
As explained earlier, it is a recovery rally to low made@443 from highs@562- expecting a bounce atleast till 500-505 zone- one should understand trading corrective waves is always will be tough. Trading Strategy Either wait for the bounce in the zone 500-505 for a bearish opportunity or going below 452-450 will indicate pressure in the stock & by that channel...
It should not move below swing low@452- key level or any move above 465.20 should be looked positive- rising channel can also be looked as good support. Likely, we have a short term low@443 but going below 452 will open for complex correction in Jet Airways. Trading Strategy Look for price to move above 465.20 for further longs or channel support as buying...
Finally Today Jet Airways landed @449- vow -completed its 5 wave sequence. Let Jet Airways Take off in a retracement to the leg, which started from 560's highs which was an e - wave of the X-triangle. We shall look for retracement 50%, which comes to 505 & 61.8%, which comes to 518-520 zone. Larger Picture -A Triangle in Jet Airways-- we are travelling in y-wave...
It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall...
Trade on either side of the breakout. I feel chart speaks for itself this time.
Yet again this trendline is so beautiful that Jet has paid respect to that line. Last traded at 465 lows -very close to the prior lows likely could be v-wave developing or b-leg in iv-wave once it crosses the trendline stays above or it goes below 453 lows to finish below 453.
Buy now in small quantity with SL of 460. Add on to it once the candle closes above trendline. Target 1:- 500 Target 2:- 520 Small SL of 460