JAIPRAKASH POWER NSE:​JPPOWER

above 10.13 stock can see levels of 34 over a period of 12-18 months from now. strict stop loss of 7.48 should be maintained.

RISKY but sometimes we can afford it. Good investors think like Real Money Stock Picks Small, Making Money Through Mid term & long term. Cheers!

in longer time frame, it was in long term downtrend, then inverted Head and Shoulder formed in weekly, breakout done with good volume, after a pullback, it reversed and moving up now. sl - 5, tgt1 - 8.3, tgt2 - 9.3. Also there is a good probability for round bottom, after the formation on Inv H&S(classic reversal pattern) at the ...

in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume, confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom. with a sl - 4 1st tgt - 12 2nd tgt - 25

All on Charts. Penny Stocks have there risks.

Technically it looks like JPPOWER has completed an impulsive wave 1 and a 100 % correction. A safe swing long trade with stop loss 3.4 and a minimum target of 1.618% projection of wave 1 which is 7.85