Jaicorp
#JaiCorp is getting ready for a ride #SuperChartzKey levels:
Support: 317 to 300 CL
Resistance: 372, 399, 420
Key Drivers:
Jai Corp Ltd, established in 1985, operates in steel, plastic processing, spinning yarn, and investment advisory services. Its revenue mix in FY22 comprised 10% from steel, 89% from plastic processing, and 1% from real estate. The company's geographical split in FY22 was 86% from India, 12% from the USA, and 2% from other regions. Notably, a single customer in the plastic processing segment contributed 68% of the revenue.
Infrastructure projects include investments in two multi-product Special Economic Zones (SEZs) near Mumbai, with substantial land allocation. Additionally, Jai Corp is involved in the development of Rewas Port and an industrial estate near Mumbai through its subsidiary Swar Land Developers Limited.
The company's asset management arm, Urban Infrastructure Venture Capital Ltd, manages funds totaling approximately Rs. 2,434 crore. It also serves as the Indian advisor to Urban Infrastructure Capital Advisors, managing a real estate fund with a capital commitment of US$ 300 million.
In FY22, Jai Corp saw significant production increases in GP/GC coils and sheets, while discontinuing operations in the spinning segment due to scale inefficiencies. Noteworthy transactions include Evergreen Trust's acquisition and subsequent distribution of equity shares, as well as the redemption of preference shares.
Overall, Jai Corp Ltd maintains a diversified portfolio across manufacturing, real estate development, and asset management, with a strong focus on expanding its infrastructure projects and optimizing production efficiencies.
Jai Corp Ltd - Long Setup, Move is ON...#JAICORPLTD trading above Resistance of 334
Next Resistance is at 515
Support is at 185.15
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
JAICORPLTD - Ichimoku BreakoutStock Name - Jai Corp Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 286
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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JAICORP - Ichimoku Bullish Breakout Stock Name - Jai Corp Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 185
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
JAICORPLTDThis stock has given good breakout along with good intensity of volume on daily time frame,
Once it closes above 144.20 then more strength could be seen on chart to go towards north direction, all the key levels are mentioned on chart.
Breakout along with good volumes
RK's black magic BUY signal in Daily chart
MACD in weekly positive crossover
MACD in Daily positive uptick above zero line
RSI in daily uptick
DMI ADX positive
Price out of upper range in daily
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
JAICORP BULLISH MOVEHi Jai Corp is currently finished its triangle breakout.
It is expected to retest the resistance and rally towards 168.
Entry between 134 - 140
Target 170
Stop Loss - 126
SWOT Analysis
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STRENGTH :
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Company with high TTM EPS Growth
Good quarterly growth in the recent results
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Increasing Revenue every quarter for the past 3 quarters
Annual Net Profits improving for last 2 years
Company with Zero Promoter Pledge
Strong Momentum: Price above short, medium and long term moving averages
WEAKNESS :
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No Weakness
Opportunity :
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Positive Breakout Third Resistance ( LTP > R3)
RSI indicating price strength
High Volume, High Gain
THREATS:
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No Threats
Target 1 (33%) achieved in Jai Corp. Target 2 is ON...This is follow-up on Jai Corp . Can check link to related ideas.
Target 1 achieved. More than 33%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 (63%) achieved in Jai Corp. Target 3 is ON...This is follow-up on Jai Corp. Can check link to related ideas.
Target 2 achieved. More than 63%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Making : JaiCorpBreakout in Making. Still 1 more trading day to go. Should it Close like this then Expect Buyers to stay in control till Zone 124_129
Strong Weekly Close Above Resistance Zone would mean a Change in Trend. However That doesn't mean Trend has changed. We need to See Lower Low and Higher post Change in Trend. This will signify Uptrend has Started.
Risk Reward in current Breakout Trade is not Favorable for those who look for minimum of 1:1
I don't believe in R:R, Because playing by R:R doesnt mean Risk will be same for each and every Trade in term of Points and Rewards wont be lining up with Price Levels to Serve Justice. Higher R:R doesn't mean 100% Target will Hit Lower R:R doesn't mean 100% Stop Loss will Hit. Just need to keep Position Sizing Constant.