Jai Corp Ltd. is in strong buying zone from last 6 months the stock was trading between the range of 113 - 170. on Friday the stock shown bullish movement almost 10% along with good volume. buying can be possible if price maintain to sustain above initial resistance 170 for the target of 200-215 with the stop loss of 148
All the Best......!!!
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After 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!
This 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!
Long 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.
Jai Corp Limited is engaged in manufacturing polypropylene (PP) woven sacks fabrics and bags, and spinning yarn. The Company's segments include Steel, Plastic Processing, Spinning, Real Estate, Assets Management and Other. The Steel segment is engaged in processing and trading of cold rolled (CR), galvanized plain (GP) and galvanized corrugated (GC) coils and sheets. The Plastic Processing segment is engaged in manufacturing of woven sacks/fabrics jumbo bags, high density polyethylene (HDPE) twine, master batch, staple fibers and geotextiles at packaging units. The Spinning segment is engaged in manufacturing spun yarn at its units located at Vasona, Masat and Sarigam. The Real Estate segment is engaged in the development of land and buildings. The Assets Management segment consists of investment advisory services. The Others segment includes trusteeship and infrastructure activities, and non-banking finance activities of Jai Corp Finance & Holdings Ltd.
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JAICORPLTD
