Our Site Reader Vimal asked me on TA for Jet Airways So discussing the same below
On Daily Charts Jet Airways looks to breach its downward trend line and in the process broke its 50 DMA@458.
If Jet breaks todays low @436 stock can move below 400 odd levels.
MACD has generated a SELL
RSI and STOCH are in sell zone
Sell below 434 Tgt 421 and 402
Buy above 453 Tgt 466,472 and 488
Sesa Goa forming a support around 296 and volumes are drying up which is giving an indication support will break and stock is headed lower.As soon as 296 breaks Stock could head to 50 SMA and move till short term support at 289
Sell below 296 Tgt 293 and 289
Indicators and in Oversold zone and a pull back rally should materialise in next 1-2 trading sessions
Buy @575 Tgt 583,588 and 595