Jain Resource Limited Weekly Strategy
Jain Resource Recycling Ltd. operates In the manufacture of non-ferrous metal products. Its products include lead, lead alloys, copper, copper alloys, aluminum and aluminum alloys. The company was founded in 1950 and is headquartered in Chennai, India by Kamlesh Jain.
It has fallen from 590 to 300 levels since May 2026. It got support around 303 and bounced backed by 376 levels and I expect more bullish momentum in this stock due to RSI showing buying strength in this stock. A Doji candlestick followed by a bullish Marubogo candlestick has formed on the weekly charts, indicating some short-term upside in this stock, so I advise traders to take positions in this stock on Monday morning and hold this stock for up to one week while maintaining the stop loss and targets mentioned below.
Buy price: (opening price for risky traders)
: 350 (for secure traders)
Stop Loss: 305 (based on daily closing price)
First goal: 410
Second goal: 440
Disclaimer: I am not a SEBI Research Analyst, please seek advice from your financial advisor before taking a position based on my recommendation.
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