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Jain Irrigation

Discussion in 'Technical Analysis' started by suneelkoul, May 17, 2013.

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  1. suneelkoul

    suneelkoul New Member

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    Anticipated breakout at 70.6 with stop loss of 65.
    Target 1 @ 77.6
    Target 2 @ 80.7

    Please share your views

    Thanks,
    Sunil
     
    suneelkoul, May 17, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    I will avoid not anticipated breakout for this stock. Will wait for the breakout to happen.
     
    shabbir, May 17, 2013
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  3. vishuhd1

    vishuhd1 Member

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    I would suggest you to wait for decisive breakout beyond 70.6 levels.. If the stock fails to break 70.6 levels, then it will be a triple top pattern and you may see some downside in this..
     
    vishuhd1, May 17, 2013
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  4. suneelkoul

    suneelkoul New Member

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    Thanks All.

    Vishwanatha i could make out the triple top once u mentioned it... You certainly have a keen eye
    ;)
     
    suneelkoul, May 18, 2013
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  5. vishuhd1

    vishuhd1 Member

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    Thanks Sunil.. :)..
     
    vishuhd1, May 18, 2013
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  6. kamat79

    kamat79 New Member

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    That's right, also seems it's facing resistance at 200 DMA :)
     
    kamat79, May 19, 2013
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  7. chequesuraj

    chequesuraj Member

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    200 DMA?...

    where did you get that from? "chartink" has such info?
     
    chequesuraj, May 19, 2013
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  8. kamat79

    kamat79 New Member

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    It's 200 days moving average. I think every software will have this basic info :)
     
    kamat79, May 20, 2013
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