JPASSOCIAT has been doing terrific lately. From the looks of it, it is just getting started! This stock has been in a sustained downtrend followed by a long consolidation. It is finally looking to break out on the upside by a big margin. The short term target is 24 at least. Medium term 40. Long 50 at least. We may want to look for a slight correction only because...
Constructive looking rounding bottom. Target - 23 SL - 12 Risk/Reward ratio - 2.5
JPASSOCIAT: @ 12.70 HOURLY Chart Bullish BAT in Progress TGT / RES.: 13.1, @ 13.3, @ 13.9, @ 14.3, @ 14.7, @ 15.3 SUP. / Accumulation: @ 12.3, @ 12, @ 11.55
Short JP Associates for target of 11 & 10
Given channel breakout on daily chart & about to re-test the trend line. On the other hand, A Shark ( Harmonic Pattern ) is on the making & it may be a good trade if we can get it around 11.5 to 12 ( if price action supports). Stop loss would be below the green zone & Targets shown in the chart.
An Inverse H&S pattern has formed in JPASSOCIAT with a Bullish Engulfing candle in the neckline support. Daily Time Frame Target 1 : RS 20
I am bullish on JP ASSOCIATE with SL 10.5 as it has crossed the channel with strong volumes we may see new 52 week highs in coming weeks. it may touch 15/20 in short term.
Last Traded Price@10.25 JP has favorite number 65 --11.65 -- 10.65 As suggested in a previous update that we shall either look to buy in the zone 9-9.25 or moving above the latest high of 11. Wow!- Started moving again. Trading Strategy - Either look again to buy in the zone 9-9.25 if drops as it already close to that zone pushed to 10.65-recent high or...
JP falls & falls exactly below 11 as suggested that we shall look only to buy above 11 or if drops to zone 9-9.25 as per previous update- Heading close to the zone -we shall look for support in the desired zone if holds then we shall go long with recent low as stops for targets till 11 & above 11 for 11.65 JP 2016 Diary--Up-Up & Away from 7 to 11
Thanks "rmthariyan"- for reminding. This stock post explosive rallies always go in sideways moves & troubles, so likely could rest in the zone 9-9.25 in coming days if it holds then we will think about going long in the stock for targets close to 11.65 or it breaks 11.65 whichever happens first. This is how we moved in 2016. Click the charts below & use load...
Chart is highly bullish as next resistance probably first target....
this is pf chart always tgt will be upper handle and lower handle will be your stop loss.
JP Might just break out on upside to test the recent highs as first target. FNO data also suggest something is cooking and we may get a decent move on upside very shortly. But buy only on breakout
JPASSOCIATION MY VIEW- Stock not looking good but some one ask me for investment so if you like to invest in jp association then you can do near 9 sl 8 target 15-20 till next diwali.
Likey zone of 10-11 has been a strong support zone since couple of months- once this zone gets breached -one should be careful in that case our target zone could be 8-8.50 where up move starting from 5.30 to 13.50 shall be retraced 61.8%.