buy JETAIRWAYS above 503 tgt 512/518 sl 495
Primary trend of the JETAIRWAYS is bullish
and after giving breakout of its MONTHLY PIVORT POINT range bound movement, it
is forming continuation pattern in short term charts, it is likely to continue
the positive movement with the breakout of the pattern at the levels of 500 ;
as the stock is managing to trade above its 22 and 55&200 days moving
averages with the RSI of 73, one may expect the targets of 512/528 in the stock
if it manages to sustain above the immediate support level of 500.first
resistance level seen on charts at 530.
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