Greetings Folks, today I have prepared a setup of JPPOWER on NSE the analysis is as follows- -The price is speculating near the all time high - price broke a previous minor high with good volume , now retraced successfully - price already has tapped in my support zone now ready to break past the BSL - trendline support is also in our confirmation bias don't play...
JP power is forming head and shoulder with good divergence on monthly chart on long term we can see a trend change in this share from a long time share is forming lower high pattern now, we can see trend change in this particular script. We can see a high of 21 then see a higher low pattern and we can see this script in uptrend. Power is future .. Cheers..!
Big Risk: reward ratio is currently at 8 strong resistance 10.5 to 11.5 once it broke this + volume then ready for blast...... Target on chart 1x/ 2x/3x/4x/5x.............. Strong base forming from 2016 Inverted head and shoulder best trend reversal Disclaimer: I m not a SEBI registered advisor do you own study before investing. This is purely my own view