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Intraday Stock and Share Tips for 12th January, 2012: BUY JISJALEQS (Jain Irrigation)

January 12, 2012 by  
Filed under Analyst's Corner, General

Intraday Stock and Share Tips for 12th January, 2012: BUY JISJALEQS (Jain Irrigation)

On Daily Charts, JISLJALEQS (Jain Irrigation) has made a Long White Candlestick Pattern, with a considerable good spurt in Volume. Stock is trading much below its 200-Days SMA (Simple Moving Average) and 50-Days SMA of 150.05 and 105.23, respectively.

It moved above its 20-Days EMA (Exponential Moving Average) of 92.95 on the closing basis. It made a high of 98.00 for the day and closed at 97.00. A good upside movement in the stock can be witnessed above the levels of 98.00. The 14-Days RSI (Relative Strength Index) is quoting at 51.61 on the Charts (RSI above 50 indicates strength or confirms the Buying signal).

The Positive Directional Index (22.10) is still trading below the Negative Directional Index (22.42). ADX (Average Directional Index) is quoting at 34.86 on the Daily Charts. ADX’s value above 20 indicates that the trend of the stock is strengthening.

Hence, it is recommended to buy JISLJALEQS only if it trades above 98 for the Targets of 103 & 105, with the strict Stop Loss of 96.70.

 

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.
Equity Research Analyst, Indore

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