Buy Jain IrrigationWith volume pickup at support of 75 and fresh bullish pattern, stock may soon give target of 84
Jainirrigation
Jain Irrigation, Swing trade opportunityHi 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.
JAIN IRRIGATION NecklineJAIN IRRIGATION has been testing the neckline for a couple of months now. Currently on the neck, awaiting a breakout/reversal.
Jain Irrigation - Bull ready to wake up after long sleep ?Jain Irrigation is now looking for a breakout from 3 & half year long triangle pattern with solid volumes, if sustain then can see 15-20% in next 2-3 months and 50-70% up move from current level in next 1 year, Look for a long trade here with sl as per support line.
Jain Irrigation Long SetupBuy above 103-104 for given targets in short term.
Indicators look strong, price has moved above 200 DEMA.
For long term setup, check my other chart (double bottom setup).
Jain Irrigation H&SHead and Shoulder setup on Jain Irrigation with the support of MACD as well as RSI indicators indicating downward trend.
Jain Irrigation Double Bottom SetupGo long if the setup forms successfully.
Great targets and Risk/Reward.
Plus, fundamentally strong company, aggressive expansion, good monsoon forecast will also benefit leading to the formation this setup.
Good Volumes.
Jain Irrigation on crucial breakout regionIf the breakout from multi year Monthly chart, blind buy for long term considering that infrastructure push and an above average monsoon is confirmed
Short term BreakoutIt has been observed in JISLJALEQS chart that shot term break out near 98.6. At the time of retracement it is formed bull reversal candle in an up tread, can watch near Current market price for short term target at 108. stop loss below 96.
Jain Irrigation BuyPost bottom reversal, the stock has been trading in the Symmetric Triangle in intermediate trend running across weeks. The Triangle was breached with Bullish expectation, and the stock is righ now in tilted rectangle - almost like a flag consolidation amidst a rally. Would be expected to break out and rise with gap.
Jain Irrigation - Channel Breakout It is been observed that the price action breaking above the downward channel indicating buyers domination over price action. Buyers shall further take prices up from current levels.
Target 1: 96
Target 2: 100
Stoploss: 91.50
Jain Irrigation - Breakout TradeJain irrigation breaking out from a triangle pattern, may see 20% up side in next 30-40 days.
Jain Irrigation: Awaiting BreakoutThe stock has been consolidating for a while. A move past 102 would be a big sign of strength and the stock could then rally to 122-125 range. Watch this one.
