Head & Shoulders Alert: Jain Irrigation Systems (JISLJALEQS)

• Entry: Above ₹84.36 🚦(Safe Traders Wait for a close above )
  
• Stop Loss: ₹68.41 (SL: -19%) 🛑
  
• Targets:Target 1: ₹106.52 🎯 (+26.2%)
  
• Target 2: ₹136.84 🚀 (+62.2%)
  
• Risk-Reward Ratio:T1: 1:1.38
  
• T2: 1:3.27
  

Profit booking is subjective. Book profits as per your appetite.

📈 Technical Highlights:
Pattern: Forming a Head & Shoulders (Positional pick).
Volume: Picking up significantly 📊.
Candle: Closed below major resistance with a wide-range candle.
DMA Levels: Trading above 30DMA & 50DMA, showing strength.

Bounce: Taking strong support at 30 & 50DMA.
RSI: Bullish momentum ⚡.
⚠️ Key Risks:
Trading against the trend. If markets fall, the probability of this trade failing increases 🚨.
Quarterly Results: Around the corner 🗓️, so be cautious of sudden volatility.
💡 Risk Management:

Position Sizing: Essential due to a deep SL.

Proper risk management is key for survival in case the market turns against this trade!

📋 Disclaimer:
This is not investment advice. Always conduct your due diligence and maintain strict risk management when trading. 🚩