AbhishekHSinghCMT
Long

JP Associate - Magic happens again from 30 to 19 -Pennant Zone

NSE:JPASSOCIAT   JAIPRAKASH ASSOCIA
Last Price@20.40 11th Aug2017

As suggested in previous update - "Magic of 9 repeats for 30". We shall look for JP Associate to run into pennant zone 18-21. Here we are at 19 -day low@11th Aug2017.

If holds then we look back close to 30 again. Trade carefully. Nifty             is melting. Have added latest update to Nifty             long term analysis@22nd March2017.

Magic of 9 repeats for 30
Trade active: 11:15 Hrs 11th Aug2017

Last Price@22.05

Was there a support in pennant?
Trade active: 09:18 Hrs 14th Aug2017

Last Price@22.50

Turns from 19 - Big Candle to start the day!

Trade active: 13:13 Hrs 16th Aug2017

Last Price@23.85

One more step upside for the day.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
nifty should turn upward to enter this idea. very good trade idea .
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its about to touch 19
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@sbhirang, 19 was already day low as mentioned in the post.
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samayra AbhishekHSinghCMT
@AbhishekHSinghCMT, if it breaks 18, then what should be the target. I guess 18-21 should be no trade zone. Right?
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@samayra, You are using "if" let it happen then we see - It was updated at 27 that we see 18-21 - we saw the fall from 30 & it holded as well at 19 which was in our zone. Our entry was with minimum risk - if happens (goes below 18) then I will close & enjoy my life.
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samayra AbhishekHSinghCMT
@AbhishekHSinghCMT, thank you Abhishek.
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