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..!
Parameter Considered for going long:
> Breakout from Triangle Pattern
> Wave C on the upside is pending
> RSI above 60 on weekly chart
> Buyers are coming back (Volume)
Target 11-12, SL 6 WCB
Disc: DYOR
As per my analysis, cup with Handle pattern is forming in weekly chart.
It daily candle is getting close above RS 8, we can expect below Target at up side.
Target 1 = 15
Target 2 = 21
Target 3 = 26
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Note:
This analysis is only for education purpose only. Please do your analysis...
Swing trade... Breakout of a triangle...
Go long on this stock..... If you wanna trade on this stock, please do you're analysis before entry and take advice from you're Financial advisor.
Note :- Education purpose only & not an advice to buy it.
Thank you🙏.
This chart is self-explanatory, with highlighted cup and handle pattern, support and resistance levels.
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This is just a view by an expert analyst, please invest at your own risk.
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Eventhough the stock is not following the rules of my trading (please check my previous swing ideas) can give a great return in short time with small stop loss.
ACCUMULATION PHASE IS GOING ON.
JPPOWER have demand and support zone near 3.51 3.84
go long 3.52 to 3.84
stop loss 3.30 WCB
TARGET 8 15 18 24+++
NEXT big demand zone only near 0.40 0.84
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...
This has already broken triangle patterns and taken support on trend line, expected to see good move.
Trade at your own risk, feed a poor if you get benefited out this…
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
Currently consolidating
Trying to form a inverse head & shoulder pattern
Closing above 9.00 on weekly timeframe may trigger buying momentum
For Targets of 9.9/11.15
![JPPOWER: JPPOWER Penny Stock [Demand Supply]](https://s3.tradingview.com/2/2LVTzdja_mid.png "JPPOWER Penny Stock [Demand Supply]")
