JAIN IRRIGATION,,,,DID SOMEONE SAY THAT WE HAD A GOOD MONSOON....SO IRRIGATION CAN WAIT... Shortby lukerodson224
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.Longby Sg_bangalore0
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.by manujanshu.pal0