aks85

Jain Irrigation- Flag Pattern Breakout- Buying Setup

Long
NSE:JISLJALEQS   JAIN IRRIGATION
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2
Jain Irrigation has formed a Flag Pattern . It has given a breakout on weekly chart with volumes, indicating a continuation of the upward trend.
Aggressive traders can enter by end of the day if the breakout sustains. Whereas , more conservative traders can wait for a small pullback and enter during the next week to manage their risk and get a even better risk reward.



Comment: Good level to add shares for traders cmp 98.

Comments

it was not a bullish flag
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gr8..coming out of long long consolidation..tgts seems achievable in short term
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aks85 RakeshShah
Yes, this week it has shown good momentum as can be seen by a nice big green candle. Mostly, it should continue its upward move and reach the above levels. Thanks.
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