JetAirways, Support

13 Haz 2018

This chart tells us how 200 DMA plays a significant role in deciding the fate of a stock is association with 100 and 50 DMA. Price consolidated at 200 DMA but could not give an upward breakout. Then broke down, which was accelerated by 50 crossing 200 DMA. Now price has reached a logical support level which is holding for many days and if the same is broken down will lead the price towards 342. This breakdown has good possibility since 100 DMA is crossing 200 DMA on the downside. SL is a must. Major trend is down.