So, the price respected golden ratio at 61.8 fibs of its recent impulse from low 160 s to 360s. The correction was respected at 240. Try to draw a fib on weekly / daily to get an idea of it. Today, the stock jumped 16% on the news that Naresh Goyal is liquidating his holding (major shareholder). Why ? to give the money back to the lenders as a part of the...
Jet Air today crossed 3 month's 1/1 resistance angle at 270. If it manages to remain above the level, intermediate target can be 385.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Jet Airways-Short and may bounce back, there will be short term short and it will bounce back. We can see this may reach 360+++ in coming future.
Jet Air: Not likely to close below 249 in short term, intermediate target being 380
Jet Airways will again touch 180 levels in coming months.
JETAIRWAYS (Jet Airways (India) Ltd) #SELL BELOW 249
That pink line is pretty important.. although megaphone is in place , longs can be initiated if it crosses pink.. on my radar.
- Never lose your money & Never forget that. - Margin trading is NOT recommended.- Do your own analysis before initiate trade. Buy Below 308 Target 512 Stop Loss 180 Duration 100 Trading Days
Level's mentioned in chart. Aviation Turbine Fuel cut by 11% will boost avaition sector.
Jet Airways:Weekly chart. Beautiful and clear flag pattern seen. Breakout will take to 240. But real bull trend in Jet airways will not come till it crosses 370
Explained in Chart. Disclaimer: All my post are for educational purpose, non-directional & non advisory