Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Jet Airways
CMP 275
In the current set up stock has the potential to rise up to 360 / 400 levels.
Important for the stock not to breach support at 260-266 zone. At current levels the stock provides good risk:reward ratio to go long.
Be cautious & exit Below 258 as that will indicate risks of stock going down to even 220-196 levels.
Take care & safe...
Was already a sector under a lot of speculation
NEWS: passengers sueing for around 30 lakhs
negative kumo cloud
Kenyan below kijun
below 50 and 200 Moving average
Jetairways is at multiyear Support, if price bounces back and break PDH, go long at PDH and if support is breached wait for candle to completely breach the support and then short on the breaching candles low.
JET AIRWAYS IS AT ITS CRUCIAL SUPPORT LEVEL ANY BREAKDOWN WILL LEAD TO A CRASH LANDING FOR THE STOCK. AS YOU CAN SEE STOCKS FALL IS REDUCING NEAR SUPPORT SO ONE CAN GO LONG WITH TARGETS OF 3X FOR 3-5 YRS TIMEFRAME AND WITH STOPLOSS OF 235. SAFE PLAYERS CAN GO LONG ABOVE THE HIGH OF PREVIOUS CANDLE.
Stock is at major support level of 275. Volume buildup suggests good accumulation at lower levels. Business should remain intact. All prospects are positive. Buy this for longterm and if lucky these levels may never be seen again.
SWING TRADE IN JETAIRWAYS
SEPTEMBER FUTURES
NOTE:THIS TRADE IS SUGGESTED ON BASIS OF OIL STUDY
DONE BY THE ANALYST WHO ASSUMES
TO SEE CORRECTION IN OIL MARKETS
BETTER TO CREATE LONG POSITIONS IN OPTIONS MARKETS TO
CAP THE DOWNSIDE
ITS A POSTIONAL TRADE IN JETAIRWAYS
BUY@286.5
STOP@280
TARGET@300
LOT:1200
QTY:2
