Weekly Chart Overview:
EMA 21 and EMA 50: The stock is currently trading above the 21-week EMA (₹365) and 50-week EMA (₹332), indicating that the medium-term momentum is positive. This bullish alignment of EMAs suggests that the stock is gaining strength, and buyers are in control.
EMA 200: It is currently positioned around ₹284, showing long-term support.
Volume Surge: The recent spike in price is accompanied by a significant volume increase, reflecting strong buying interest. This volume breakout confirms the upward price momentum.
Key Levels to Watch:
Support:
₹365 (21-week EMA)
₹351 (50-day EMA)
Resistance:
₹399 (recent swing high)
Conclusion:
The combination of price moving above key EMA levels and strong volume makes Jai Corp Ltd a strong candidate for further gains, provided it sustains above ₹365. If the stock manages to break and hold above ₹399, it could trigger a further rally. However, watch for any pullback to the ₹365 level, as this would serve as critical support.
Suggested Entry: Consider entering at or above ₹365 with a target range of ₹400 - ₹420 and a stop loss at ₹350.
This stock seems poised for a continued uptrend, with all eyes on the volume and price action near resistance levels.
EMA 21 and EMA 50: The stock is currently trading above the 21-week EMA (₹365) and 50-week EMA (₹332), indicating that the medium-term momentum is positive. This bullish alignment of EMAs suggests that the stock is gaining strength, and buyers are in control.
EMA 200: It is currently positioned around ₹284, showing long-term support.
Volume Surge: The recent spike in price is accompanied by a significant volume increase, reflecting strong buying interest. This volume breakout confirms the upward price momentum.
Key Levels to Watch:
Support:
₹365 (21-week EMA)
₹351 (50-day EMA)
Resistance:
₹399 (recent swing high)
Conclusion:
The combination of price moving above key EMA levels and strong volume makes Jai Corp Ltd a strong candidate for further gains, provided it sustains above ₹365. If the stock manages to break and hold above ₹399, it could trigger a further rally. However, watch for any pullback to the ₹365 level, as this would serve as critical support.
Suggested Entry: Consider entering at or above ₹365 with a target range of ₹400 - ₹420 and a stop loss at ₹350.
This stock seems poised for a continued uptrend, with all eyes on the volume and price action near resistance levels.
Started like everyone else — chasing trends, ignoring risk.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Started like everyone else — chasing trends, ignoring risk.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.