Jet Airways- Bigger Triangle (Interesting Half of Year 2017)

26 Sep 2016

Since 2008 Highs @1048 -Jet Airways has been in range of 200 to 1000 -Yaa that range is big enough to trade on daily basis. Bigger Picture tells that it is triangle which is unfolding in JetAirways

I shall look for the zone 240-260 as a golden opportunity in coming years -where the Intermediate Degree (E) -leg completes & as traditional analysis (A)-(C) trendline shall give support & shall end the (E) leg.

So, Long term Trader should look for the zone of 240-260 as the pickup point for targets more than 1048 & Jet Airways Shall do Up--Up & Away in the next half of 2017.

I shall come up with a short term update in which we shall try to get some trading opportunity.

Regards,
Abhishek H. Singh, CMT