Jain Irrigation- Misting Effect-Trapped in 118-122 Zone

Misting Effect
Misting is a result of high pressure and as much as 50% of your water starts evaporating into the atmosphere before it can get to your landscape resulting into wasting lot of water- Save Water- Safe Earth.
Next time, your service provider offers a wet check -you should be careful of high pressure limit because if exceeds then misting can take place.

Technical Analysis
Efforts are wasting since 2008 - resulting into no gain & why prospective bulls should really take interest in the stock above 118-122 zone which is strong rejection zone since 9 years.

Short Term Trading Strategy
Bounce can be seen above 105 to 108-110 zone, which likely one should book holding 98 levels on the downside or strict stops to be maintained for long trades.

Long Term Trading Strategy
Going below 98 -it will continue down for 88-90 zone & later if moves below 88 then look for 78-80 zone, where support can be seen next or want to buy, then think of doing so above 118-122 zone if sustained else your efforts will be wasted again- resulting into misting effect

Trade active:

10:35 Hrs 11th May2017

Last Price@105

Short Term Target Achieved at 109 between 108-110 -- going above 105 as mentioned in the main update above.

Trade active:

10:11 Hrs 15th May2017

Last Price@99.90

Day Low@98.80

Below 98 -More Weakness

Trade active:

19:13 Hrs 21st May2017

Last Price@92.90

Close to initial target zone of 88-90 -if holds we book & exit else next set of selling starts only below 88 on a sustained basis.

Trade closed: target reached:

10:52 Hrs 22nd May2017

Last Price@93.70

Partial Target reached at 92 - Closing the post.