Jet Airways stock prices are following Elliott wave counts very precisely. The stock has moved amazingly as predicted.
You can read below to see power of an Impulse pattern if identified correctly. On 30th October 2017 we showed the below chart of Jet Airways and mentioned the following:
Jet Airways 60 mins chart (anticipated on 30th October 2017)
Following was mentioned on 30th October 2017:
Jet Airways looks to have formed an important low recently and looking at the bounce back we can expect some positive movement for the upcoming weeks.
As shown in 60 mins chart, after showing the sharp rise, prices have started to consolidate at higher level. This suggests that it has been relieving the overbought state of RSI which is a positive sign. A break above the previous high of 536 will confirm the continuation of further upward movement ….In short, move above 536 will indicate a strong buying opportunity taking the prices towards 580 levels.
Happened: Jet Airways showed amazing impulsive rise as expected and the same can be seen in below chart published on 10th November 2017.
Jet Airways 60 mins chart: (showed as on 10th November 2017)
Following was mentioned on 10th November 2017:
As shown in 60 mins chart, we can see power of impulsive rise. Prices tend to cover maximum price in minimum amount of time. As per wave perspective, minute wave (v) of minor wave A is ongoing which suggests that there is still some space on upside. One can use buy on dips strategy provided 634 level remains protected.
….trend for Jet airways remains positive. Any dip towards 650 levels will act as a buying opportunity with 634 levels as important support. On upside prices can test 690 levels.
Happened: Jet Airways moved precisely as expected and the stock price rallied sharply from 671 levels. It touched the high of 717 levels in today’s session as can be seen from below chart
Jet Airways 60 mins chart as of today:
The above charts simply show how one can use impulsive wave from trading perspective.
You can subscribe to this research report “The Financial Waves short term update” for and see yourself how to form trading strategy using Elliott wave and technical analysis methods.
You can also subscribe to Intraday / Positional advisory and get access to intraday stock tips. Following are the calls given over past few days:
The above simply shows the techniques that have been working well. But please understand accuracy cannot be 100% as trading is all about probability. There will be risk involved and you have to manage it prudently.