ParamjitMahapatro
Long

jp power looks bullish in medium term to long term.

NSE:JPPOWER   JAIPRAKASH POWER
in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume , confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom.

with a sl - 4 1st tgt - 12 2nd tgt - 25
Jul 26
Trade active: today its 7% up closed at 8.35
Aug 25
Trade active: after a prolonged downtrend, HnS pattern formed, breakout done with good volume.

Aug 25
Comment: pattern sl - 3.8, tgt - 9.2

Comments

Thanks sir
+1 Reply
Jaypee power on result day 31 July then may be touch after result 12 advise me
Reply
@Yogesh764, yeah it may get volatile during the result date, but technically it is quite bullish, so it can go up to the next resistance zone easily i.e. 12
Reply
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