JAICORPLTD trade ideas
Jai CorpAfter removing the weak hands out of the stock, the stock seems to be on track to gain further strength in the coming period going ahead. As always maintain a SL!
JAICORP - Possible H&S PatternJaiCorp looks like forming a Head & Shoulder pattern as shown in the image. Head to Neckline distance is about 50 points.
Channel Breakout and Support TestedTrend Channel was breached and the market tested the channel support again.
Support worked well, possibly indicating an upward movement
Steel & steel Products Stock :: JAICORPThis stock will double at supporting zone with expected good quarter result, focus on valid fundamentals sentiment for business setup. Its a value pick with small risk.
Accumulating area 80-130
Levels are:
R1 R2 R3 R4 R5 R6 R7
121 124 128 132 135 140 147
S1 S2 S3 S4 S5 S6 S7
112 109 105 100 98 93 86
Cheers!
JAI CORPbreakout above its long term resistance 113/115.
any pullback will be used for buying .
target 300
target 2 : 1300
Jaicorp to buy at CMP 132Long 5 year breakout, stock successfully closed above above its breakout level i.e.132. Possibility of moving is too much. Considering todays gain looking forward.
Jaicorp- Can we break the trendline & start moving belowNot much to tell- As we break the trendline -we could turn bearish, but be careful once it breaks -it bounces sometimes to fall again.
Regards,
Abhishek H. Singh, CMT
JAICORP- Prices are choppy (Careful of Rising Trendline)Prices have been moving in choppy fashion on upside- once rising trendline gets broken-it should show us the direction- which is likely downside.
