The cup and handle breakout with a strong volume suggests the market players to go long for a return of 90% with the reward:risk ratio as 6:1.
Reasons for getting into this stock:
Agri-business company manufacturing micro irrigation systems, PVC pipes, Renewable energy solutions with 6 decades of expertise.
Inflation in the food prices result in the increased...
Watch JAIN Irrigation systems. It has been continuously falling for long time and it has formed an inverse head and shoulder pattern on a weekly timeframe. Till now it didn't break the levels for a fresh entry. If it breaks the 25 levels with volumes, we can expect targets of 45.
I'm not a registered analyst. Please analyze yourself before investing
NSE: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
Price 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.
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 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...
