JET AIRWAYS
- As per previous report published on Jey Airways, stock gave some intraday action after breaking its resistance @ 281 and stock made a high around 287 and closes below its resistance, after that stock is on sell mode. (Click here to see previous report published on Jet Airways).
- Now as per current charts indicates that stock is on sell mode after breaking its trend line support, Bears are active and shown sharp weakness as indicates in technical chart no1.
- Suggested reading - SBIN moving in down channel formation, as long as trades below it will favor bears.
- As per graph no2, stock shown some bounced back after touching its trend line support @ 219, so as long as stock trades below bulls are on safer side, but once stock closes and stays below 219 then bears will get active once again and stock looking weak for next few trading days. Down side after 219 stock will find support around 213 and 210. Close watch.
- Intraday trading tips - Close watch once stock starts trading below 219 during trading hours, if holds below then intraday bears action is expecting.
- Suggested Article - NSE trading holidays for year 2014.
- As per graph no3, if stock moves up from current levels then will find strong fibonacci retracement resistance around 231, 238, 245 and 250, close watch.
- Click here to see all the free trading reports (tips) published by us on JET AIRWAYS.
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