Key levels:
Support: 317 to 300 CL
Resistance: 372, 399, 420
Key Drivers:
Jai Corp Ltd, established in 1985, operates in steel, plastic processing, spinning yarn, and investment advisory services. Its revenue mix in FY22 comprised 10% from steel, 89% from plastic processing, and 1% from real estate. The company's geographical split in FY22 was 86% from India,...
JAI CORP (W) 280 is moving towards 15 yr resistance at 360 range. Above 360 we can see levels of 800 to 1000 in 3 years. Let breakout happens on weekly timeframe
#JAICORPLTD trading above Resistance of 334
Next Resistance is at 515
Support is at 185.15
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#JAICORPLTD trading above Resistance of 223
Next Resistance is at 334
Support is at 134
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
JAICORPLTD has formed a cup n handle pattern and giving breakout from resistance levels of 215 zone.
It is breaking 6 yrs price range and looks strong.
Seems to be some turnaround in the counter.
Note: It is highly volatile stock.
Target: 300+, 375+
SL: Daily candle close below 210.
A stock that has strangely been moving more when the market is weak..on MASSIVE volumes.
The current scenerio could lead to a pullback.
If it bounces from somewhere around 287ish it'd make for a good buy...esp seeing the large volumes.
Take a 50% allocation with a 7-10% SL.
Stock Name - Jai Corp Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 286
#This is not Buy and Sell recommendation to any one. This is for education...
Fundamentals are average. Closing above the trendline is important for up move with volume.
Maintain SL as per risk Management. Follow for more such stocks.
Jai Corp Ltd, incorporated in 1985, is engaged in the manufacturing businesses of Steel, Plastic Processing and Spinning yarn. It is also involved in Investment Advisory Services, Development of Land and Buildings
Products and Services
The offerings of the Co. include Infrastructure Development , Venture Capital , Poly Woven Products, Geo Textiles, Woven Sacks,...
JAI CORP
Monthly Breakout Aug 23
CMP 241
Entry range:- 225-175
SL 165 Monthly Closing basis
Tgt: Depend on patience. As per chart 380/500/750/1000++
Will take time.
#JAI CORP
The stock gave its highest Monthly closing on the charts for the first time since 2009. With the BO of this Cup and Handle of 15 years we might witness some huge upside rally very soon Stock may give 3x to 5x return.
On the technical charts -
MACD Up
RSI Up
Stoch Buy
DMI - 26 strength!
EMA's are positive
The stock has entered into the 3rd wave on...
