JISLJALEQS trade ideas
Jain Irrigation - Breakout TradeJain irrigation breaking out from a triangle pattern, may see 20% up side in next 30-40 days.
Jain irrigation : A probability of 3X returns in 18 monthsA probability of 3X returns in 18 months
1. Lot's of technical pointers of growth
2. Fundamental are improving
Jain Irrigation- Flag Pattern Breakout- Buying SetupJain Irrigation has formed a Flag Pattern. It has given a breakout on weekly chart with volumes, indicating a continuation of the upward trend.
Aggressive traders can enter by end of the day if the breakout sustains. Whereas , more conservative traders can wait for a small pullback and enter during the next week to manage their risk and get a even better risk reward.
Jain Irrigation: Awaiting BreakoutThe stock has been consolidating for a while. A move past 102 would be a big sign of strength and the stock could then rally to 122-125 range. Watch this one.
Jain Irrigation - Wave 5 completed, Now in Corrective Phase As per the price action, it seems like 5 impulse waves are completed within the up-trend channel and now it will move further in corrective phase where 3 waves will continue rallying downward against the trend. The three corrective waves would name A B C. I have marked only Wave A in the above chart.
