Close above 200 DMA on a 2 hrs chart. Trendline Resistance around 8.3. RSI and CCI also indicating a possible upmove tomorrow.
JPASSOCIAT is a favourite shorting candidate on NSE shortly. Sell JPASSOCIAT at 12.30 to 12.50 zone with Stop-loss of 13.55 and Target of 10.50.
Several reasons for shorting the stock 1. A bearish TK-Cross below the Kumo 2.Price could not get into the cloud - Span B of the cloud acted as resistance and price moves downwards 3. There is a small Doji before the first red candle indicating indecision . But this was soon solved as is shown by the engulfing red candle immediately after the doji.
Bullish divergent in RSI Add to your portfolio for good returns with in 5 months
This is a weekly chart of JP Associates. Applied Fibonacci levels to all time low(5.30) and recent highs(30.40). Stock seems to be taking support at 10.85 levels which is also 0.786 of its Fibonacci level. Stock can be sold on a small rally till 11.3 levels with targets of 9.2 Stoploss 11.8. CAREFUL because JPAssociate can be a volatile stock, trading this can...
1) SC has asked RBI to start insolvence proceding against company 2) Triangle Breakdown 3) SL_13.9 4) RSI taking support at 30 5)
buycmp @ 15 sl 14.3 target near resistance trendline around 16 &17
Future's data of jp associates are also indicating +ve built up in the stock good canditate of break out. BUY @cmp or above 16 stop loss below 15.3 target around 19 ANY COMMENTS ON MY IDEA ?
A cup and handle formation has been formed and lots of volume can be seen in the past few weeks. i would recommend going long here.
LONG TERM SELL SETUP :) Wait for the prices to come to the entry price and then take the sell trade :) KEEP IT SIMPLE, KEEP IT UNIQUE :) HAPPY TRADING :) HAPPY PROFIT MAKING :)
these stocks are for those who love to gamble ... better and avoid and trade with plan and strategy in QUALITY STOCKS!
Buy JPASSOCIAT at 19.20 Hold till 23-25 Happy Trading :D
Good levels for long term portfolio addition on JP Associates