Jain Irrigation is currently in a consolidation phase at the apex of an 80-week-long declining channel. This level is expected to serve as a robust support zone, preventing further declines in stock prices. Additional bullish momentum is anticipated once the stock surpasses the 70 price level, leading to a breakout from the consolidation. It’s crucial to be cautious, as any downside movement or an inability to sustain the apex of the declining channel could signal a need to exit from the stock.