aman12
Long

Jain Irrigation, Swing trade opportunity

NSE:JISLJALEQS   JAIN IRRIGATION
Hi Guys,

There is an opportunity of swing trade in Jain Irrigation .
Buy: 85.8
Target: 99.8
Stoploss: below 79.8.

Reward/Risk Ratio : 14/6 = 2.33.

According to the Fibonacci extension , the 3rd wave should be around 1.5-1.6 times bigger than the 1st wave, which leads us to around 99-101 levels.

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