JPPOWER -- POSITIONAL -- FLAG PATTERN BREAKOUT

JPPOWER On Hourly chart today seen Flag pattern Strong Breakout at upside ..with strong volume, Todays sharp fall of nifty ..this stock seen good volume at long side.. RSI seen higher high at mid range and above WMA .. stock seen at strong trendline support at closing at upper channel line from this level stock can see good upside 20-30% ..1 month .

Technical support resistance explain in chart/

BUY JPPOWER @ 8.70

TARGET 10-11-12

STOP LOSS 7.50

** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !

Kommentera:

HAPPY TRADING. !!

Kommentera:

at 6.65 level double bottom formation seen today .. AT 6.70 cmp RISK TO REWARD ratio is very good .. 20 to 30% RETURN Possible from here once market get stable .
i dont see much fall from here..couse hourly chart RSI bellow 20 now. !

Kommentera:

stop loss can move tp 5 with cmp 6.70 revised target 8-10 !