JISLDVREQS trade ideas
#JAIN IRRIGATION CASH : POSITIONAL LOOKS GOOD ABOVE 91#JAIN IRRIGATION CASH - POSITIONAL CALL
(09 SEPT 2018)
LOOKS GOOD IF
SUSTAIN & CLOSE ABOVE 91
& DIPS 88-89
STOPLOSS AT 85
TGT 96.50-97
(FRESH LONG UPTREND IF CROSSES 97 LEVELS)
CMP 87.45
JAIN Irrigation NecklineJAIN Irrigation has been in a down trend all 2018. Made an inverse head and shoulders pattern, if you will. Currently testing the neckline again, awaiting a breakout/Reevrsal
Jain Irrigation will sprinkle highWonderful INHS pattern is under formation(CNH-pattern in hourly chart as well)...
can be added at cmp or till 82 for positional target of 97,103.5 sl 81....
time frame 30 days
Buy Jain IrrigationWith volume pickup at support of 75 and fresh bullish pattern, stock may soon give target of 84
Jain Irrigation, Swing trade opportunityHi Guys,
There is an opportunity of swing trade in Jain Irrigation.
Buy: 85.8
Target: 99.8
Stoploss: below 79.8.
Reward/Risk Ratio : 14/6 = 2.33.
According to the Fibonacci extension, the 3rd wave should be around 1.5-1.6 times bigger than the 1st wave, which leads us to around 99-101 levels.
JAIN IRRIGATION NecklineJAIN IRRIGATION has been testing the neckline for a couple of months now. Currently on the neck, awaiting a breakout/reversal.
Jain Irrigation Positional TradeJain Irrigation has been in strong downtrend since Feb, recent rally has brought it closer to its resistance. Opportunity to trade.
JAIN IRRIGATION DVR on a downtrendNSE:JISLDVREQS BSE:JISLDVREQS
Present scene..
1.The Kumo cloud in the weekly will give temporary support to the falling prices ..
2.The Price action is present between weekly support S1 and weekly pivot
3.The 0.283 arc support
4. Median line of pitchfork , price magnet theory..
5.Fibo support of 0.5BC of the Reciprocal ABCD...
Why crack down expected...
1.The is a small kumo cloud escape zone
2.A Reciprocal ABCD is expected to form
3.Expanding wedge
4.The 0.382 arc is the actually support arc waiting...
5.Price failure theory if andrew pitchfork
6.Bearish Divergence
The downside is expected to halt at the green 0.382 line of the pitchfork , which also completes the reciprocal ABCD formation and is the 0.618 support arc, also validated by the 0.786BC of the reciprocalABCD and weekly support S2..
And as this is a bullish reciprocal ABCD , a upmove is expected to start after the downside , whose primary resistances can be expected to be at 0.382DC and 0.618DC respectively....
Disclaimer... this is not a time dependent analysis....No current investment
This is not an investing/trading recommendation....
#JISLJALEQSWeekly strength retracement from 61.8 levels
CCI HTF >100
Next target / resistence 123.39 if cross then it moves freely
SL 107
Possible trend Direction I am considering the 170 is in very near feature , and i am also expecting this Bull channel will continue as indicated , any change in the structure can lead change in the Direction
Regards
Jain Irrigation : A Good Share to be added during Correction ...Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
SHORT : Victor Sperandeo 2B Pattern Victor Sperandeo 2B Pattern is an easiest yet effective method that offers a low risk reversal trade. Price closed above the previous high yesterday but got rejected immediately and closed below the low of yesterday thus formed 2B pattern nicely. One can short the stock with stop loss of just yesterday's high. Risking the small amount gives an opportunity for a decent Risk to Reward ratio.
Jain Irrigation Buy @ 142.4 Tgt 148.55 SL 139.5Jain Irrigation JISLJALEQS looks good to buy above 142.4 with Target of 148.55 and SL of 139.5
