Jet Airways- Larger Trend is down

20 Eki 2016

As explained earlier, it is a recovery rally to low made@443 from highs@562- expecting a bounce atleast till 500-505 zone- one should understand trading corrective waves is always will be tough.

Trading Strategy
Either wait for the bounce in the zone 500-505 for a bearish opportunity or going below 452-450 will indicate pressure in the stock & by that channel will also break to the downside.

The bounce which started from 443 - I assumed it will be good upside, but my hopes are crashed as it has taken so many days & not giving big moves.

Short tern wise look to trade the channel break either side.

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