Channel Trade LongChannel Trending
Moving in upward channel. Would long it 64 with SL of 59.50 (Low of red candle body)
Target of 76.
JISLJALEQS trade ideas
jain irrigation long idea on Support and Resistancecompany being in agri business with good monsoon there will be good demand for products for agriculture product(machines,pipes) with a good q2 results expectation and bullish market
a trade can be initiated at 99.35 with a CBSL of 89.4 and target of 112
Monsoon fuels Jain irrigation NSE:JISLJALEQS
Excellent Monsoon rains can help Jain irrigation to increase their revenue in coming quarters. After few years of drought several government initiatives to support Micro irrigation systems is also in its favor.
Results are due on August 12th , so some care is required while trading but the target is 80 for the coming month and one can see easily 92 levels in next few quarters
Technically stock has been in sideways to bullish trend for over six months. MACD has just turned Bullish on daily charts and price is above Ichimoku cloud. I expect a breakout this month.
Jain Irrigation in trade range #NSEJain Irrigation is trading between the levels of 68-76. Any breakout outside these levels will start a new trend, hence position building would be preferred after that event. As of now, since the price is in a trading range, buying at lower band (around 68) and selling at higher (around 76) would be appropriate.
