Hi Guys,
There is an opportunity of swing trade in Jain Irrigation.
Buy: 85.8
Target: 99.8
Stoploss: below 79.8.
Reward/Risk Ratio : 14/6 = 2.33.
According to the Fibonacci extension, the 3rd wave should be around 1.5-1.6 times bigger than the 1st wave, which leads us to around 99-101 levels.
There is an opportunity of swing trade in Jain Irrigation.
Buy: 85.8
Target: 99.8
Stoploss: below 79.8.
Reward/Risk Ratio : 14/6 = 2.33.
According to the Fibonacci extension, the 3rd wave should be around 1.5-1.6 times bigger than the 1st wave, which leads us to around 99-101 levels.