JINS is a counter that had been in play for a while now. Price action is indicating that it is trying to move above an important level of 30/00. But if we do not see 30/00 is strongly supported during the next week, consolidation at the peak will bring fear to many traders.
Who ever is buying now must have a stop loss at 29/00, otherwise please stay away.
In my last weeks report on the ASI I suggested to enter between 29/00 and 30/00, with a stop at 27/90.
Those who bought must stop at 27/90 and below.
Caution!!! JINS is trying to get in to a newer range, but couldn't break out last weeks Red Candle, which is short term bearish. Therefore STOP is a must at the prices given above.
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