Long

JET AIRWAYS

By ShobhitAgarwal

Updated

Highly favourable trade. Found support 2nd time at 200DMA and inside bar indicates trend reversal for the stock. Falling crude prices also bolsters the view. It is a text book example of triangle formation and should breakout on the upside.

Note

Time to add onto position, as crude falls further.

Note

Crude approaching 40 handle fast. I see atleast 5% pop on the price in next five days, once it breaks the trend line.

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