Jai Corp (#NSE JAICORPLTD) – Jai Ho! Readying for the trip to 300 | Indian stocks with winning stock price structures, technical & fundamental analysis, and market investment strategies

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Thursday, August 12, 2010

Jai Corp (#NSE JAICORPLTD) – Jai Ho! Readying for the trip to 300

Aug 12, 2010: Not the perfect behavior after the huge up move. Ideally should not have gone below 270, but it went down to fill that gap. The volume is drying up, but yesterday’s action was not perfect. Let’s see if this goes above 270 and stay above it.

Aug 3, 2010: Got volume after 1.5 months of retracement on low volume. It’s likely to take out the high at 270 and head to 300 in days to come.

Weekly Chart

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