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
JISLJALEQS trade ideas
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.
[Intraday] JISLJALEQS Inside Bar + Weekend lvl 8 + Inverse CnHInside Bar + Weekend lvl 8
Also an Inverse CnH which is a sign of bearishness.
Long above 59.75, SL PDL
Short below 57.50, SL PDH
If short triggers, level of 57 might act as a minor support. Take trade according to your risk management.
If gap up or down, follow 5m ORB.
JISLJALEQS (Jain Irrigation Systems Limited) SELL BELOW 65JISLJALEQS (Jain Irrigation Systems Limited) SELL BELOW 65
JISLJALEQS (Jain Irrigation Systems Limited) #BUY ABOVE 70.45JISLJALEQS (Jain Irrigation Systems Limited) #BUY ABOVE 70.45
JISLJALEQS (Jain Irrigation Systems Limited) #BUY ABOVE 69.8JISLJALEQS (Jain Irrigation Systems Limited) #BUY ABOVE 69.8
JAIN IRRIGATIONJAIN IRRIGATION
1. JAIN IRRIGATION IS IN SUPPORT ZONE
2. MONTHLY DOJI REVERSAL CANDLE
3. IT IS ONLY LONG TERM 6 MONTHS TO 2 YEARS
