Hello Friends,
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Our Positional Picks are Giving Rocking Returns to Followers and Trading Members. Adding One More to the list today, Expecting it will also do good.
All the picks posted here are purely Technical picks, posted as seen on chart, no Speculation. We try to keep Risk at minimum and reward at Maximum while posting the analysis. Follow Strict money management and trade sensibly, we are not responsible for your trading habits. Stoploss is given with all the trades follow it, Invest small part of capital, in every pick. in short do not put all money in a single trade. Take care and Trade wisely !!
Today's Pick is :: JET AIRWAYS LTD.
The sector is little difficult to follow and is mostly non favorite of many traders and Investors. But we may see some good trading opportunity here, Let's see the Charts directly.
Weekly Chart of Jet Airways, Shows a Continuous Down Trend, Break out above the downtrend and then again retesting the trendline. At present the stock price is moving in a rising trend, taking support on both the trendlines, rising and falling. Expecting a Good Reversal as price is rejected from the support and started moving up. The area shown by a Green arrow is a confluence zone and will act as a major support. We will see the recent portion of the chart zoomed in for more details.
Here we see the picture more clear and perfect, Price moving above the crossover of Trendlines. Big Support will be taken at this level, Expecting the price to move till the short term falling trendline, will review there if needed.
It's a Good Opportunity for Short Term Longs,
Recommendation :
BUY JET AIRWAYS LTD. around 375-395 with a stoploss of 350 and Price Targets of 415 - 433 - 475
Risk : 25-45 Rs. according to Entry Level
Reward : 80-100 Rs. at last Target according to Entry Level.
Risk Reward Ratio is good to work.
Future Traders :
Lot Size : 1000
Risk : 25,000 - 45,000
Reward : 80,000 - 1,00,000
Trade With care and follow Proper Risk Management.
If the Stock Breaks and Sustains Below 350, It will be a good Sell.
Disclaimer :
The Analyst is a Technical Analyst and Global Market Expert.
SEBI Certified Investment Adviser, Working in Indian and Global Markets.
The Stock May or may not be in his personal portfolio, but might be recommended to clients. No Conflict of Interest in any case. Professional Advice.
#jetairways #jet #stocks #investors #investment #trading #nse #bse
