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.
Not much to tell- As we break the trendline -we could turn bearish, but be careful once it breaks -it bounces sometimes to fall again.
Regards,
Abhishek H. Singh, CMT
