JINS - Short Term Bullish - Support above 32/= with Volumes, ELSE possible retracement to between 30/20 and 31/50

JINS - Mostly moves with news and rumours. Which is understandable because of its illiquidness. The free float of the Counter is 19.72%. Therefore many theories and stories afloat from time to time. Now it has become frequent.

If you have bought for stories, don't blame yourself, but be concerned of your strategy if you did not enter with a Stop Loss and a Target. Did you know that when ever you want to trade that if you ask yourself 3 simple question about why you buy? What Price to Sell? and If the plan goes against At what Price to Stop Loss? Then you will be a satisfied Trader, not once, not twice, ALWAYS.

Ofcourse if you are a longterm investor who are prepared to hold and are certain of something big is going to happen, then your strategy is not a stop loss. It can be a different strategy.

However for the Traders, JINS need to hold above 32/= with Volumes, worst case it must hold above 31/20 in the short term. So your stop loss can be any thing from 32/= to a low of 31/20. The Zone given in pinkish colour between 30/=, and 31/50 is an important area of support. Price action there will tell us whether the counter is going to really hit higher.