130-1332 should cap this upside for Jain Irrigation: Mitesh Thacker

"Jain Irrigation again has corrected a lot. It is just purely a technical bounce back. We do not have signals of trend reversal as yet. "

| Updated: Nov 09, 2011, 10.28 AM IST

In an interview to ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com gives his view on Jain Irrigation.

What is the call on Jain Irrigation?

Jain Irrigation again has corrected a lot. It is just purely a technical bounce back. We do not have signals of trend reversal as yet. So, 130-1332 should cap this upside. We might see some kind of broader consolidation before eventually the stock price on the upside.

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