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vivekbelsare
Jun 21, 2021 12:21 PM

Chart of the week Jai Corp Mega Breakout Long

JAI CORP LTDNSE

Description

Jai corp mega breakout after long consolidation with good volumes
Target 2000 In 5 Years
Comments
Panchalk
What have you based your analysis on? this stock has fallen more than 90% and has poor fundamentals...for swing trades yes...but long term its very doubtful
vivekbelsare
@Panchalk, Consolidation for more than 12 Years, Breakout above fifth wave inside C wave with good volumes, Volume builtup since sept 2017, So all retailers and weak hands are out of this stock, Thumb rule is 12 years consolidation on monthly charts give 8 to 12 times return in 50 % time of consolidation
Panchalk
@vivekbelsare, Ok. Did you read up this idea in a book? If yes, which one?
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