Emkay's research report on Jain IrrigationThe stock has slipped significantly in the recent past & has been consolidating since the last 4-5 sessions It broke below the short term rising channel (blue) & slipped almost equal size of the channel, where it is taking support now It broke above the downward sloping channel (yellow) & bounced equal size of the channel, after which it slipped back lower till the support line which was the resistance line earlier Currently it is a near the conjunction of both channel supports, which makes it even stronger support RSI is also bounced back from the lows which is supportive for the price From the above given factors, it is very clear that a bounce back from current levels cannot be ruled out Buying is advised at CMP 64.75 for target of 71 & 76, SL below 62 on closing basis., says Emkay Global Financial Services research report.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their 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.
Read More
