The power sector has been making great news. It is hitting its 10 years high. This rally is partially due to the Covid pandemic where domestic power consumption has seen a good demand. Following, the rally in Powers Sector stocks, JP Power Ventures has been on a good run. In early May, after a period of brief consolidation, it made a breakout as a Bullish Marubozu candle. There was a corresponding increase in volume as well. The resistance was at 4.05 but the support was increasing, it was making higher lows. The support increased from 3 to 4.05, and the resistance was at 4.05, forming an ascending triangle pattern effectively. The volume during this period was higher than the average volume during the last 6 months. The bullish breakout happened on 9th June, where it made another Marubozu candle, effectively breaking out. The volume too increased in this period, thus, confirming the bullish breakout. For the next 2 weeks, the volume was increasing with the stock hitting the upper circuit making a rally till 6.50. The height of the triangle is 1.05. Thus, the profit target for a risk-averse swing trader would be the length of the candle, at 6.10 (4.05 + 1.05). After hitting 6.5, it dropped 4.7% by a bear candle on 23rd June. Price might consolidate in this range. If bought during the rally, its good to book profits now.