Jai Corp has given bullish trendline breakout on the daily chart with higher volumes by closing above the downward sloping trendline, adjoining the highs of January 11, 2018 and April 9, 2018.
In the month of March, after taking support near 200-DMA, Jai Corp reversed northwards to close above its 5 and 20-DMA with higher Volumes.
The momentum indicators and Oscillators like RSI, MACD, and KST are showing strength in the Stock for the short to medium term. Therefore, we recommend buying Jai Corp for the upside target of Rs 181 and keep a stop loss below Rs 154.
Disclaimer: The author is Technical & Derivatives Analyst at HDFC Securities. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
