There was a consolidation in JP Power for the past few months but now we can see a breakout happening from the descending triangle pattern that has formed. Keep the low of the breakout candle as stop loss and trade carefully. The financials of this company is not that good.
Andhra Petrochemical trading at the long time resistance level. If it takes support here then next target will be around 200. Stop loss here should be 70.
1. Channel Pattern: The stock is moving in a channel pattern since 2020 and every time it has broken its high and made new high. So, this time target : 15 and stop loss : 6.3
2. H&S Pattern: Target 36 in another two years. The stock is trading above the neck line since 2021.
