Jain Irrigation Systems Ltd. is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has support at rupee 30.00 and resistance at rupee 39.00.
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Volume tops and volume
bottoms correspond well with tops and
bottoms in the price. This strengthens the
trend. The stock is overall assessed as
technically positive for the medium long
term.
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