Jet Airways
Jet Airways is forming Higher Low and facing resistance around upper trendline @498 as shown in daily charts. Volumes have been muted for past 2 trading sessions.
Once Stock starts trading above 498 it can easily go till 520 levels.
Buy above 498 Tgt 500 and 507,514 and 520
Sell Below 497 Tgt 491 and 485
Bank Nifty
Bank Nifty have been trading in a channel with resistance at upper trendline @11980. Move above this level will propel BN to 12200 level.
BN is forming a higher Lows and moving in parallel channel.
Indicators are muted with RSI in neutral zone and Stoch in BUY.
Buy above 11980 Tgt 12053 and 12254 SL 11881
Infosys Technology
Infosys Technology after the fall of its results is showing some signs of recovery by closing above its 5 Day Low EMA which can only sustains if it closes above 2978 levels.
If its again start falling below 2878 than we are in for tough times and stock could retreat as much as 2400 levels also.
All Indicators are oversold on daily charts
Buy above 2964 Tgt 2978,3000 and 3040
All levels mentioned are Spot Levels.
Make your own trading plan with the Levels given
hi, can u pls. update ur current view on jet airways….i see some triangle breakout down, is it looks like…?
Dear Vimalji,
Updated Jet Views in latest post and it achived its tgt today only.Hope you minted money
Rgds,
Bramesh
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