NSE: Jain Irrigation Systems Ltd: Stock has seen taking support at 20 DMA & at 23.6% retracement of its previous rally.

• Stock has seen giving remarkable rally that started near the level of 56.
• From thereon, Stock kept on taking support at 20 DMA, and moving above it.
• Stock took breathier around levels of 130 and went under 20 DMA
• It then retraces near about 23.6% and a bit more of its previous rally from 56- 130.
• However stock is seen taking support around its 23.6% retracement.
• Stock also came above its 20 DMA and Strong Green Candle which closed near its high , also made above the 20 DMA.
• MACD line is also oscillating above 0 line during this consolidation and curving-up.
• Near term support is at 110
• Near term resistance is at 125