#EASEMYTRIP 44.70 Buy Recommendation - Rachit SethiaEASEMYTRIP 44.70
NSE:EASEMYTRIP
TARGET 58
SL 38
RR >2
TF <6 Months
Return ~30%
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
JETAIRWAYS
Jet Watch for the break out on this one . If this bull flag turns out the way it looks it may explode higher to old ATH in its next wave up. Now mind you most of the market looks no good but it seems to be as recovery may be in.
This is a low cap gem with minimal volume so we are definitely still early to the punch.
DYOR the link is in the description below.
Target 1 $3.34
Send it.
www.globalairlinesgroup.com
JET AIRWAYS WHAT NEXT?Its kind of bold to make forecast about bankrupt company, but fundamentals & news story aside which i have no idea about. Purely chart based analysis shows that on monthly chart jet airways made beautiful corrective structure for Upward C wave. which i am expecting. lets see when will we see it.
thanks & take care.
Jet airways- All three falls (marked as 1,3 and 5) are almost equal size.
- long term trend line support
- highly oversold
- 13 days of continuous red
I had also posted crude charts which are topping out and jet is at very important support. Hence could give a decent rally from here. Risk reward is comfortable
BUY JETAIRWAYS 375-365JET HAS FALLEN DOWN SHARPLY. AND NEAR SUPPORT LINE...... NIFTY ALSO DOWN FROM 8700 TO 8100....
IS IT GOOD TIME TO DO BOTTOM FISHING ?
WELL RISK IS ALWAYS THERE IN ANY TRADE . TECHNICAL INDICATORS ARE NOT IN FAVOUR OF BUYING AT THE MOMENT.
HOWEVER SOMETIMES TAKING CONTRARIAN VIEW HELP GET QUICK AND BETTER RETUNS . OF COURSE IT HAS INHERENT
RISK AS WELL. SO ITS ONLY FOR DAREDAVILS.......
NOBODY KNOWS FROM WHICH LEVEL IT WILL BOUNCE BACK BUT I FEEL ITS LESS RISKY STOCK AT THESE LEVELS....
BUY JETAIRWAYS 535-530 SL below 525 Target 575JET AIRWAYS IS MAKING MULTIPLE BOTTOMS IN RANGE OF 520-530 AND BOUNCING BACK. I EXPECT IT TO BREAK OUT OUT OF DESCENDING TRIANGLE.
WORD OF CAUTION : NIFTY IS TRADING AROUND 8970 IN FUTURES SO WE CAN HAVE CORRECTION .
SO I WOULD GO LONG IN JET AIRWAYS AND HEDGE IT BY SELLING NIFTY CALLS OR FUTURES
Jet Airways - Confirming Support after Breakout (Intraday Buy)As seen on last trading day that the price action broke the downtrend diagonal move with high volume on charts, today we are observing confirmation at the previous breakout levels, which will eventually push buying and move prices up.
Target 1: 570 Target 2: 582
SL. 557