Lucifer759

JP Associates ready to become half?

Short
BSE:JPASSOCIAT   JAIPRAKASH ASSOCIATES LTD
This is a weekly chart of JP Associates.
Applied Fibonacci levels to all time low(5.30) and recent highs(30. 40 ).
Stock seems to be taking support at 10.85 levels which is also 0.786 of its Fibonacci level.
Stock can be sold on a small rally till 11.3 levels with targets of 9.2 Stoploss 11.8.

CAREFUL because JPAssociate can be a volatile stock, trading this can be very risky.
Trade active: Modify stoploss to 10.7
Trade closed: target reached