Jet Airways formed a 2 year long reverse H&S pattern and made a bullish breakout above its sloping trendline resistance.
Jet Airways made a correction of 60% of its previous rally from 332.6 to 646.
12 week correction is retraced fully in 3 weeks time which indicate bullishness of the stock.
Jet Airways next resistance is 796 - 800 level. 524.5 is the strong support for the stock.
The current upmove is with good volume.
Weekly MACD made a bullish crossover.
Jet Airways made a correction of 60% of its previous rally from 332.6 to 646.
12 week correction is retraced fully in 3 weeks time which indicate bullishness of the stock.
Jet Airways next resistance is 796 - 800 level. 524.5 is the strong support for the stock.
The current upmove is with good volume.
Weekly MACD made a bullish crossover.
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