Hi Jai Corp is currently finished its triangle breakout.
It is expected to retest the resistance and rally towards 168.
Entry between 134 - 140
Stop Loss - 126
Company with high TTM EPS Growth
Good quarterly growth in the recent results
Growth in Net Profit with increasing Profit Margin...
Now Nifty is taking the support of previous Demand Zone.
So for it has completed Left Shoulder and Head.
Now in my view Nifty is expected to create Right shoulder
Once it formed the right shoulder & if breaks out happened ?
Another 1000 Points correction is expected.
Let see what will happen ?
Nifty Strength is getting weak. Expected to fall.
More over 75% of the stocks almost reached more than 150 - 200%. so this will expect to fall.
Even if nifty breakout done upside that may be the trap for retail traders. After the breakout nifty may fall.