arsalanansari17

JP Power - Trendline BO and retest

Long
NSE:JPPOWER   JAIPRAKASH POWER
Watch for a bullish signal.

Technicals:
  • Trendline breakout and retest done on 1-hr TF.
  • Very likely to reach 6.5 (Near previous high).
  • SL can be placed at 4.5

Fundamentals:
  • Company has come up with net profit after 5 years.
  • Balance sheet is improving.
  • Reserves are near all time high
  • Stock is trading at 0.34 times its book value (15).

Its just an analysis, not a buy recommendation. Consult your financial advisor before taking any decision

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