JPASSOCIAT trade ideas
JP ASSOCIATES EQUITY levels ...10/06/2021 (M candle)😊JP ASSOCIATES EQUITY levels ...10/06/2021 (M candle)
Stock Analysis of JP Associates.Price - ₹3.60 Dt. - 14-10-2020
Stock is heading toward the overbought zone. Price can go up to ₹4.15 before falling down. If the stock falls then it can go up to ₹3.20. Moving averages have given buy signal but the stock will be down in a couple of trading sessions. Buying opportunities will be around ₹3.25-3.30.
JP Associates It's a penny stock. Looks like some corporate action is taking place , where operator has derived the stock pricing from 2 INR TO 4 INR. Stock AIM 100 & Stock Shoot 100 to hence RSI is above 100.
In liquid markets these scripts are manipulated by the operator.
Unless you know any insider corporate news , kindly stay away from the script. Its the same situation like Yes Bank or any under 10 bucks script.
YEAHH !!! ACCEPT IT !!! NSE:JPASSOCIAT "MARKET CAN GO ANYWHERE, THERE ARE NO RESTRICTIONS TO THE MARKET MOVEMENTS !!!"
Jp Associates Ready for a Big Upmove??Close above 200 DMA on a 2 hrs chart. Trendline Resistance around 8.3.
RSI and CCI also indicating a possible upmove tomorrow.
JPASSOCIAT: SELL at 12.3 SL 13.55 and Target of 10.5JPASSOCIAT 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.
JPASSOCIATES goes from bad to worse
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.
JP Associates ready to become half?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 be very risky.
JP ASSOCIATE1) SC has asked RBI to start insolvence proceding against company
2) Triangle Breakdown
3) SL_13.9
4) RSI taking support at 30
5)
JP ASSOCIATES (watch for breakout or)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 ?
Cup and handleA 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.
JPASSOCIATES DAILY TIME FRAME CHART 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 :)
stock to avoid for trading and investment (1)these stocks are for those who love to gamble ... better and avoid and trade with plan and strategy in QUALITY STOCKS!
