Jai Corporation
- Thread starter jnj333
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Take a long term view on this stock, long term of about 1.5 yrs to 2.0 years to earn a handsome amount of money. This stock is not for traders or short to medium term investors. It can make your portfolio bleed in short term. Long term perspective on this stock and its valuations after 2 years will be many times from the current levels.
Yes, I feel something is unfolding, the recent egm has the points written on it like the 7500cr funding raising, investing 5000cr in other infra companies, one more additional director on the board, intitutions increasing holding, all this has the writing of a merger news, news may be round the corner. Hold on.
TECHNICALLY on a med term basis , it will b a frustrating & long recovery process as the fall was quite huge & sharp trapping many invstrs.
at every rise , these frustrative invstrs will take an opportnty 2 exit ....
at every rise , these frustrative invstrs will take an opportnty 2 exit ....
JAI CORP has a history of hitting UCs for a continous period of 35, 38 days irrespective of market conditions. The correction in JAI CORP was due after its marathon journey and market sentiment added fuel to the fire and JAI CORP came down drastically from its life time high.
I feel just one news from the management will put the scrip on UC for at least a month. There are no technicals behind this. It is purely a news driven, low volume counter and not many people know the story behind JAI CORP.
All we have to do is, have a rough exit point (depending on your buy price) and patiently wait till that reaches, once that reaches make an exit and then again wait for a correction to acquires shares again.
It all depends on one's belief in the story, the patience that one has and the time period till when he requires money.
This is a true multibagger in its sense, that it makes a maximum 2 -3 uptrends in a year and those will be really huge.I personally hold a huge quantity in this counter and a fan of its pace once it starts moving northwards. I have a target exit price of 1600 and will be exiting at that price precisely and will not be too worried by its day-to-day movements.
Take your call,
I feel just one news from the management will put the scrip on UC for at least a month. There are no technicals behind this. It is purely a news driven, low volume counter and not many people know the story behind JAI CORP.
All we have to do is, have a rough exit point (depending on your buy price) and patiently wait till that reaches, once that reaches make an exit and then again wait for a correction to acquires shares again.
It all depends on one's belief in the story, the patience that one has and the time period till when he requires money.
This is a true multibagger in its sense, that it makes a maximum 2 -3 uptrends in a year and those will be really huge.I personally hold a huge quantity in this counter and a fan of its pace once it starts moving northwards. I have a target exit price of 1600 and will be exiting at that price precisely and will not be too worried by its day-to-day movements.
Take your call,
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