JPPOWER :- Stock Has Given 9 Year Consolidation, wait for Breakout. good volume
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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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..!
Another Simple Technical Analysis which shows that market is easy and money can be made by doing simple things also.
This Time there is a very simple TRENDLINE drawn in weekly time frame which had worked multiple times and again which has given another opportunity and made a Pin Bar candle at the support of the Trendline.
It seems true that more than 80% is the...
There was a consolidation in JP Power for the past few months but now we can see a breakout happening from the descending triangle pattern that has formed. Keep the low of the breakout candle as stop loss and trade carefully. The financials of this company is not that good.
1. Channel Pattern: The stock is moving in a channel pattern since 2020 and every time it has broken its high and made new high. So, this time target : 15 and stop loss : 6.3
2. H&S Pattern: Target 36 in another two years. The stock is trading above the neck line since 2021.
JPPOWER On Hourly chart today seen Flag pattern Strong Breakout at upside ..with strong volume, Todays sharp fall of nifty ..this stock seen good volume at long side.. RSI seen higher high at mid range and above WMA .. stock seen at strong trendline support at closing at upper channel line from this level stock can see good upside 20-30% ..1 month .
Price Range action in JP Power , Penny Stock to buy Now at 8.10 to 8.20 / Share. , Volume Topper with green signal.
R1: 8.38 S1: 7.13
R2: 8.87 S2: 6.37
R3: 9.63 S3: 5.88
Reasons: Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In...
JP power has given a Break out on Daily time frame & looks very strong on the weekly & Monthly time frame as well. The stock has given BO on Daily TF with a good volume. RSI is above 60 which is strong momentum.
Looks strong on weekly time frame as well. Resistance at 6.84, a monthly close above 6.84 will make a strong candidate, the monthly chart is under the...