JP POWER is in ascending traingle and looks good near 17-17.5 for an upside with the max target of 40, which may take some time. 50-60% looks good to me.
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...
JPPower came to medium term long uptrend.
The best price in historical buyer are found near 1 rupee and the medium term buyers are available near 4 rupee.
Need to perform price action analysis when stock comes to this area.
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..!
