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Price and trend forecast of JETAIRWAYS for Tomorrow, Weekly, Monthly

Jet Airways (India) Limited

Symbol: NSE:JETAIRWAYS

ISIN: INE802G01018

46.60

As on 2024-04-24

35.75 (52W Low) 75.00 (52W High)

JETAIRWAYS's Today's Performance

Jet Airways (India) Limited started the day by opening at 45.85 today 2024-04-24. Its shares reached a high of 47.50 and dipped to a low of 45.85 in intraday. When the markets closed, JETAIRWAYS’s stock price settled at ₹46.60 per share. Also check out its key support and resistance levels.

JETAIRWAYS Buy/Sell Targets

Tomorrow, sell JETAIRWAYS when its price reaches ₹ 46.60 with a stop-loss order at ₹ 47.48. You can set the target price as ₹ 45.73 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of JETAIRWAYS for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for JETAIRWAYS

Downside Targets Value in ₹
Tomorrow Down Target 1 47
Tomorrow Down Target 2 48
Tomorrow Down Target 3 49

Important Levels for JETAIRWAYS

Holding Levels Value in ₹
Tomorrow Up Target 1 46
Tomorrow Up Target 2 45
Tomorrow Up Target 3 44
Based on where the stock opens tomorrow, if JETAIRWAYS opens on a positive note, our first target will be ₹47. If Target 1 is achieved, we will aim for Target 2 which is ₹48.

But if JETAIRWAYS falls below the average value of ₹46.65, you can enter a sell side position with target number 1 - ₹46 and second target - ₹45 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of JETAIRWAYS

Looking at JETAIRWAYS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, JETAIRWAYS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JETAIRWAYS is moderate bearish.

Tomorrow's Volume based share price Forecast for JETAIRWAYS

JETAIRWAYS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -39%.

Reversal detection for JETAIRWAYS

Predicted trend chart of JETAIRWAYS tomorrow for price forecast
JETAIRWAYS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹47 in morning tomorrow
Target 1 tomorrow47
Target 2 tomorrow48
Target 3 tomorrow48
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with JETAIRWAYS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if JETAIRWAYS opens on a positive note, our first target will be ₹47.45. If Target 1 is achieved, we will aim for Target 2 which is ₹48.30.

But if JETAIRWAYS falls below the average value of ₹46.65, you can enter a sell side position with target number 1 - ₹45.80 and second target - ₹45.00

JETAIRWAYS's Weekly Targets
1st Up Target 48.35
2nd Up Target 50.10
1st Down Target 45.35
2nd Down Target 44.10

As the week for JETAIRWAYS ended on bearish sentiments, we can expect further continuation of this sentiment. JETAIRWAYS's initial target will be 48.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 45.35 in the upcoming week.

Weekly OHLC Values
Open 48.30
High 48.85
Low 45.85
Close 46.60

Week for JETAIRWAYS started with an open price of 48.30, and the close was at 46.60. JETAIRWAYS reached the highest of 48.85 and dipped lowest up to 45.85 last week. This indicates a bearish sentiment for the week.

JETAIRWAYS full month swing targets
Monthly Up Target 1 51.35
Monthly Up Target 2 53.10
Monthly Down Target 1 42.35
Monthly Down Target 2 38.10

Targets of ₹51.35 can be expected to be reached in the coming month. Once JETAIRWAYS achieved this target, we can aim for the next upside target of ₹53.10.

JETAIRWAYS if fails to hold upside, down targets of ₹42.35 and ₹38.10 can be achieved by end of this month.

For complete three weeks if JETAIRWAYS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

JETAIRWAYS is expected to reach the target of 47.45 in tomorrow's trading session.

After achieving the initial target in JETAIRWAYS, we will aim for higher targets of 48.30 tomorrow.

However, if JETAIRWAYS starts to trade below ₹46.65, then we will shift our focus to the sell side and aim for down targets of 45.80 and 45.00.