JETAIRWAYS trade ideas
JetAirways, 200DMAIt is cool 17 points in just one day! More downside is possible. So it is 'Sell on rise'' strategy till 444 is reached.
JetAir, 200 DMABelow 501 we can expect 444. Todays closed below 501. So SL is quite small and target profit can be handsome. Crude price is just not stopping. Hence heavy operational cost will sap up profit.
JetAir, 200DMAThis is a bright example of 200DMA deciding a trend. The chart speaks well. And now 50DMA crossing 200DMA on the downside (Death Cross). Expect new lows.
JET AIRWAYS: Hourly chart; 2 scenariosJet Airways Hourly Chart
Scenario 1: Price is at 50% retract and demand zone, it can move up if candle closes above .618 retracement
Scenario 2: If closes below 0.382 level then Jet Airways heading towards 665 - 670 levels to complete cypher pattern
JET AIRWAYS INDIA LIMITEDBUY JET AIRWAYS ABOVE 728
STOP LOSS OF 715
TARGET 770 AND ABOVE
TIME FRAME 5 TO 7 DAY'S
ON DAILY CHART STOCK CLOSED ABOVE 100 DEMA AND BREAK PREVIOUS DAY HIGH .
BEARISH BAT in JET AIRWAYSBEARISH BAT in JET AIRWAYS. One can enter with target till 0.618 retracement (i.e at 560 level ) .
Jet airways descending triangle patternJet Airways looks to be under selling pressure with a support between 495 and 499 holding currently. In case this breaks it could fall to 485. However, it is showing to be oversold currently - so would be interesting to watch.
jet airways againjet has moved out from a channel one can buy it on its trend line support. this trend line is also a neck line for h/s pattern.
resistance/ target(support after crossing) pitch fork line
2nd target 518
stop loss trend line break down
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....
Jet Airways: Medium term buyJet airways after a long traingle break is consolidating...the advance from the lows of 201 seem to be in a expanding diagonal structure...We have hit the bottom of the trendline is it holds well and reverses...tgt can be minimum 795...Trade well...
BUY JETAIRWAYS 550-545 SL 525JET IS BREAKOUT OUT FROM CHANNEL ( 530-550)
BUY if hourly close is above 555 STOPLOSS 540 TARGET 575 , 595
RGDS
Sandeep
JETAIRWAYS WELL I WENT FOR JET LONG AT 555 AND HAD TO STOPOUT AT 530 ....
AGAIN NOW WHEN I AM LOOKING AT CHART RATE IS 450........
NOT SURE IF ONE CAN DARE TO GO LONG OR NOT....
DUE TO MILITARY ATTACK IT HAS GIVEN SUCH A SOLID DOWNWARD BREAKOUT.......
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
