Hi Manoj,
Ashiana housing - It is not the perfect timing to inter in to this stock.there might be a pullback for the rally that has been happening from nov 2016,The pull back might take few more weeks to complete.Before the pull back maximum it might go around 250 zone.Once we gain confidence on pull back waves that it is corrective waves then we can confidently enter.
Jetairways- Looking good. new set of impulsive waves had begun around end of dec 2016. currently it is in wave 3. so we have 4 and wave 5 due. and then ABC correction. Ideally we should wait till that abc corrections are over. Because this is a new set of waves. and moreover 5 waves have not yet completed. currently we are in wave 3. either this could be wave 3 upside or it could just be wave c upside. we never know that. because the wave before this rally were zigzag waves, it could have been some kind of triangle. as far as triangle is concerned, you should never ever enter before the breakout unless we have lot of patience.If the current rally is going to be 5 wave rally then it will decide the direction of breakout.
I personally feel, Jetairways is making 5 waves so we can ride this wave 3 and 5. and book profit once wave 5 is completed and wait for abc correction to be over and then again jump to ride the holy spiking move in wave 3 of higher degree
