ParamjitMahapatro

jppower looks bullish in medium to long term.

Long
NSE:JPPOWER   JAIPRAKASH POWER
in longer time frame, it was in long term downtrend, then inverted Head and Shoulder formed in weekly, breakout done with good volume, after a pullback, it reversed and moving up now.

sl - 5, tgt1 - 8.3, tgt2 - 9.3.

Also there is a good probability for round bottom, after the formation on Inv H&S(classic reversal pattern) at the bottom.


tgts for round bottom - 14, 20, 26. (it is strictly long term tgts).
Trade active:
price at neck line support
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