Apr 12, 2012, 12.13 PM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can short Jain Irrigation.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, " Subex has a chart that suggests buying is possible but this stock hasn’t done anything. It goes and moves up and down in a trading range. Purely on charts, I would say its buy but generally on a selection I wouldn’t select it in my list."
He further added, "Jain Irrigation is a short sell; it is a very big disappointment. All the time there is a sense that it is going up and it’s coming out of hibernation and finally moving into a bullish territory but then it absolutely collapses. The stock has been on a downtrend for some weeks now, the rally fizzled out. Every time it tries to move up there is a very small rally and there is significant selling pressure comes back. So, Jain Irrigation is a short sell because here the trend is clearly down."
Ambareesh Baliga, Independent Market Expert advise
Centrum has recommended accumulate rating on Jain
Sandeep Wagle of powermywealth.com is of the view
"Plastic business is growing because of the infras
Jain Irrigation Systems Ltd has informed BSE that