amankavi
Long

Jain Irrigation - strong bullish recovery

NSE:JISLJALEQS   JAIN IRRIGATION
83 views
2
83 0
From crucial support level - 80, Regular uptrend noticed after declaration of good YoY Q4 results - 17 and quick monsoon announcement also supporting the trend
TP = Resistance 1, 116 and the scrip can break the crucial resistance level owing to strong fundamentals
Might notice consolidation for few days due to profit booking by short traders

Trade active
Trade active: As anticipated, consolidation can be seen although uptrend is still noticed
Comment: Green engulfing candlesticks portraying buyers have traded most of the game managing to push the price up..
Similar bullish uptrend if seen as earlier can push the scrip beyond resistance (c) level
Trade active
Trade closed manually: Either ways of candlestick formation after a clearer picture of whether to hold position or not after significant indecision amongst traders, Have decided to book profits for now.

Will be entering again, after the price levels goes beyond 113 aiming towards resistance (C) and beyond if major or continuous green candlestick engulfing is seen

Comment: Planning to enter again if the scrip forms morning star pattern and aim towards resistance level which had been support level prior
Will see on 14-Aug-2017 to see the outcome of Q1 YoY results if results are declared during trading hours otherwise, after independence day. Till then, there could be more clarity towards momentum

Resistance levels have been updated accordingly..

EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out