JAIN IRRIGATION 1. JAIN IRRIGATION IS IN SUPPORT ZONE 2. MONTHLY DOJI REVERSAL CANDLE 3. IT IS ONLY LONG TERM 6 MONTHS TO 2 YEARS
Go Long on Jain Irrigation above 69.50
Levels mentioned in the chart!
Rising on low volume and falling on high likely to face resistance at trendline
Self Explanatory Chart.
Round bottom further upside possible tomorrow
Entry Strategy = Pivot Line Stop Loss Strategy = Previous Candle Low Exit Strategy = Trailing Stop Loss
Shprt Term Target 100+ Hold with strict stoploss
#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 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
Wonderful 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