JIAN IRRIGATION POSITIONAL CALL – TECHNICAL REPORT – SHORT TERM – HOLDING CALL

Technical call – buy JAIN IRRIGATION SYSTEM above 72 sl 65 target 80-90

need close above 72 for confirmation of position (intraday breaking 72 will not be consider while taking position)

technical study – As per the daily chart of JAIN IRRIGATION we can clearly observe that its trading in a range, with the support of 200 and 100 MA levels, we will be considering it as consolidation. once it over with this consolidation and able to give close above MA support line then we can see up movement in price.

even if we observe its trend line we can simply say that its now started to move above its resistance level now…

if you observe RSI then RSI is moving in upward channel direction and stock still trading range-bound, so it indicate that if price start moving upside then we can surly see upper move in coming days..

According to candle stick pattern it has created “BULLISH PIERCING” candle pattern on chart. so it can also indicate that breaking 72 and closing above this level can given more up move in coming days.