JPASSOCIAT trade ideas
Volume-Spread Analysis: Bar-by-BarHi fellows
Notice how the volume-spread analysis could help in finding major reversals. The analysis is applicable to all time frames.
Rest notes are on the chart.
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Trade safe, stay healthy
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Afraidtotrade
JPASSOCIAT buyJPASSOCIAT 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 it has been going up violently. Any dip should be an opportunity to go long.
Since the news of it selling of cement business broke off, this has gone ballistic. There is a lot of pent up aggression left in this and there is a long way to go.
Great buy in cash at around 16 - 17.. and with good timing, a greater buy in leveraged trade for next expiry.
JP Associates - Buy !Constructive looking rounding bottom.
Target - 23
SL - 12
Risk/Reward ratio - 2.5
JPASSOCIAT Bullish BAT in Progress. (HOURLYJPASSOCIAT: @ 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
Channel Breakout + Shark PatternGiven 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.
Inverse H&S Pattern 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
JP ASSOCIATEI 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.
JP Associate- So close 9.00 to 9.25 - Did you buy?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 taking long positions once 11 is crossed.
All the nested charts has "load bar feature with a forward arrow to see future bars!
Previous Update- JP Associate 2016 Diary
JP Associate- Bang On move- Falling Right Below 11JP 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
JP Associate- 2016 Diary- Up-Up & Away from 7 to 11Thanks "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 bar feature within the charts
Careful below 10-11
Rocking M Support
pitchfork chart for jpassociatesthis is pf chart always tgt will be upper handle and lower handle will be your stop loss.
Potential FLAG 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
JPASSOCIATIONJPASSOCIATION 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.
JP Associate- Careful below 10-11 zoneLikey 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%.
