1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

jain Irrigation

Discussion in 'Technical Analysis' started by masihpatel, Jul 6, 2012.

  1. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Dear Shabbir,
    What is your view on this stock, is it given a breakout from support level of 70? can one enter at this level for short term?
     
    masihpatel, Jul 6, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    There cannot be breakout on support and on support it held the support forming a W
     
    shabbir, Jul 6, 2012
    Share #2
  3. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    But this time it is maintaining the upmove, pls.correct me if I am wrong.
     
    masihpatel, Jul 6, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    This is up move but there is a difference in bounce and breakout. I am saying this is not a breakout but that does not mean there is no upmove.
     
    shabbir, Jul 7, 2012
    Share #4
  5. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    Dear Shabbir,
    Is Jain irrigation is on the upmove?.. This stock is holding the 72-73 levels from past 4-5 trading sessions irrespective of the market movement.. Can we take position in this with current market price?.. Please share your views..
     
    vishuhd1, Oct 16, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    NO Way. It is still in down move.
     
    shabbir, Oct 17, 2012
    Share #6
  7. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    Ok.. Thanks Shabbir.. And as you right pointed out, Jain irrigation fell by about 4.15%..
     
    vishuhd1, Oct 17, 2012
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    :eek:hmy: :party:
     
    shabbir, Oct 18, 2012
    Share #8