JISLDVREQS trade ideas
JAIN IRRIGATION : MULTIBAGGER STOCKNSE:JISLJALEQS
#GOOD_TO_KNOW
#FRESHVIEW (DT 14.05.2021)
#JAIN_IRRIGATION CMP 19+
LEAST SUPPORT 3
RESISTANCE 20
MONTHLY CHART
IF RESISTANCE BREAK
MULTIBAGGER STOCK
CHART FOR EDUCATION PURPOSE
HOPE FOR THE BEST
STAY CONNECTED
Rounding bottom formationPrice is forming rounding bottom, weekly closing above 24.35 may lead better upmove almost 80-90%. This is higest risky bet i am publicing till today. Price is above 200MA(sign of bullishness) in day TF.market is bullish right now .volumes are better of bull then bears.take small quantity as it is little risky.
breakout in jain irrigation breakout in jain irrigation can buy for long term as its produce farma products and farma is the only positve sector in india
Moving well from rock bottom Near term resistance at 14.70.If remains bullish, year end target will be at least 26.75
JAIN IRRIGATION - FUNDAMENTAL INFO REQD!!JAIN IRRIGATION IS A COMPANY WITH GOOD BUSINESS DIVISIONS AND FUNDAMENTALS.
WHAT WENT WRONG FOR THE "SELECTIVE DEFAULT" STATUS AND WITH THE COMPANY?
I DO NOT KNOW.
FUNDAMENTAL INFO REGARDING THE COMPANY IS WELCOME BY COMMENTS.
PLEASE POST IT AS THE TECHNICALS ARE GIVING A NICE PICTURE FOR LONG TERM IN THIS COMPANY.
ONCE AGAIN, REQUEST TO SEND REPLIES.
Jain Irraigation : Piercing Candlestick patternJain Irrigation is forming piercing candle pattern on daily chart. Any close above 22.70 would be positive as volume on reversal is day very high. Those who wants to trade only on candlestick pattern should put stop loss below 16. CCI is also showing positive divergence on daily chart.
Strategy 1 : Buy if stock is trading above 23 during 3-3.25 p.m. stop loss 16 target open.
Strategy 2 : Those who want more confirmation can wait for RSI to cross above 30 and CCI to cross above -100.
Jain Irrigation : Drip- Drip- Droppp !!Jain Irrgation is trading in a descending parallel channel. You can see 3 support on channel from where it has earlier bounced. It has also formed head & shoulder on weekly chart. Percentage target of the pattern is 83% down from 46 level which comes at Rs 7. Lower support line of channel is also at Rs.7 If you go back to period of 2003-2006 then you will find that it had made swing top of Rs 25 which could as a support for short term. 21-25 could be the zone where short term panic could be formed for a minor bounce towards 34-45 level but that should be used to exit position. Counter is bullish only on close above 76 on weekly basis. Those who take risk must be ready to see more down side or keep SL below 18.
We do not advise any buy as the fundamentals are all against the company and V shape recovery can be possible only when some PE enter into the company owing to its strong product line in drip and micro irrigation. Company is also engaged into processed food export.
Let the market settle down or create a panic bottom which mean market opens lower, move down to make a panic low and then jump to close at the day high which must be near or above the close of previous day. Most important thing is that volume must be too high to indicate that retailers, HNIs have offloaded in panic and market movers have entered for mean reversion or value buy.
JAIN IRRIGATION - Investment OppurtunityBuy JISLJALEQS at 59 with a closing stoploss below 46 Target 87 103
Jain irrigation bullish setup It has given break out from long term bearish trend line and made higher high and higher low after that so it entered in bullish phase .
near crucial support, with good patterns been formed.jain irrigation near investment zones, completion of 5th wave can take it for higher targets.
near crucial supportjain irrigation near investment zones, completion of 5th wave can take it for higher targets.
Long inverse head and shoulder pattern has seen a neckline breakout on friday on one hour candle
breaking a long term downward trend
breaching through strong resistance of 57-58 for the first time in 4 weeks
WEEKLY || JAIN IRRIGATION TO CROSS 58 One can buy Jain Irrigation for this week with a stop below 48 as it is likely to breach 58 on the upside.
