Wednesday, 17 May 2017

Jain Irrigation - Head & Shoulder formation

JISLJALEQS made a head and shoulder pattern.   Left Shoulder high is made on 12th April and broke the Left Shoulder with good volume and made head on 25 April.  Stock went down and took support at 100.1 and made right shoulder on 10th May with less volume and made an evening doji star.  Now the stock took the support at uptrending line.   If  break below the trendline with good volume price has to come down further.  


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Indiamart Weekly Bullish Breakout

After 3 months of correction stock is made good set up to buy on monthly and weekly chart. Breakout with volume.