Priyashetty

buy jain irrigation

NSE:JISLJALEQS   JAIN IRRIGATION
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Currently the ADX is below 20 which shows a non-trending market.

Although the stock is a good pick, i think we should wait till the ADX moves above 20, since this upmove since 25th may could be just a dead cats bounce & the stock may move sideways.
All the news of good monsoon has already been priced in & the stock may move above its recent high's only after Q2 results for FY17. Till then it may consolidate.

However, let us see what is in the stock's mind...::)
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