What about Jain irrigation this weak

#1
I've brought 50 shares of jain irrigation on friday @ 190. Is this a correct choice for a view of 3-4 days.I'm planning to buy some more shares also.
 

comm4300

Well-Known Member
#2
there is a bullish crossover of the 5MA and 20MA; this happened after a long time. this indicates bullishness;

The stock will likely pullback to test crossover point somewhere around rs.186-187 and then take off from there.

I am guessing small doji candles in the next 2 sessions and then a strong bullish move.

The earlier crossover of 5MA and 20MA resulted in the stock touching the 100MA : the same is likely to happen this time; 100MA is now at rs.202 level.

If you are planning to buy more stocks of the same:
180
175
160
are the levels where we see previous support.

best wishes.
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