JET AIRWAYS : SET UP IN MAKING

1. jet has given a good upmove in 2017.
2. crude oil prices also at lows of the yr..
3. avaiation industry seeing a revivival where talks of tata group taking over AI is doing the rounds...

set up :
1. momentum has started to decline ...
2. m expecting a reversal from now on..no timelines ..i just trade setups...as of now i have marked my levels and waitng for signs of reversal...

1. will wait for red candle now with RSI divegence...
2. if i get that i shall enter the break of 20 sma on hourly chart and enter more once 20 sma on daily is broken...
RADAR ON..
DISCLOSER : no posn as of now but waitg....