Jain Irrigation Systems Limited. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Jain Irrigation Systems Limited.

CMP :- 45.55 (25/07/2023)

ABOUT : Jain Irrigation Systems Limited is an Indian multinational company that specializes in manufacturing and providing solutions for agricultural irrigation. The company has grown to become one of the largest irrigation equipment manufacturers in the world. Jain Irrigation is headquartered in Jalgaon, Maharashtra, India.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLESTICK CHART VIEW)

OBSERVATION :

The stock has formed a SYMMETRICAL TRIANGLE pattern on a weekly time frame with breakout, if the stock is able to sustain above its breakout trendline & weekly candle closes above 46.50 levels further we can expect the stock to show good upside rally. Expecting the stock to show 15-20 % upside momentum.

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How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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