Buy JP Power
Trade Recommendation: Buy JP Power
Entry Price: ₹18.20 (Current Market Price)
Target: ₹20.00
Stop-Loss: ₹17.80.
Based on the current technical indicators, JP Power presents a compelling buy opportunity. The stock is trading above its 200-day EMA, which provides a strong foundation of support. The close proximity of the moving averages indicates consolidation, often a precursor to a breakout.
Why This Trade?
Strong Support: The 200-day EMA is a solid support level.
Bullish Momentum: The MACD and moving averages align to support an upward move.
Favorable Risk/Reward Ratio: With a stop-loss at ₹17.80, the downside risk is limited while the upside potential is significant.
Entry Price: ₹18.20 (Current Market Price)
Target: ₹20.00
Stop-Loss: ₹17.80.
Based on the current technical indicators, JP Power presents a compelling buy opportunity. The stock is trading above its 200-day EMA, which provides a strong foundation of support. The close proximity of the moving averages indicates consolidation, often a precursor to a breakout.
Why This Trade?
Strong Support: The 200-day EMA is a solid support level.
Bullish Momentum: The MACD and moving averages align to support an upward move.
Favorable Risk/Reward Ratio: With a stop-loss at ₹17.80, the downside risk is limited while the upside potential is significant.
Note
After previous stoploss Re-entry Possible in JP power. CMP 17.73. stoploss 17.40
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