Monsoon fuels Jain irrigation
JISLJALEQSExcellent Monsoon rains can help Jain irrigation to increase their revenue in coming quarters. After few years of drought several government initiatives to support Micro irrigation systems is also in its favor.
Results are due on August 12th , so some care is required while trading but the target is 80 for the coming month and one can see easily 92 levels in next few quarters
Technically stock has been in sideways to bullish trend for over six months. MACD has just turned Bullish on daily charts and price is above Ichimoku cloud. I expect a breakout this month.
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