JPPOWER
#JPPOWER SHORT TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of JPPOWER on NSE
the analysis is as follows
- the price is in bearish structure right now
- we have some liquidity build up which adds to confirmation for our short
- 2 possible area for trades
- the zone above BSL is more favorable for our trade
dont play with fire, always use a predefined stoploss
#JPPOWER INTRADAY TRADE SETUPGreetings Folks,
today i have prepared a setup of JPPOWER on NSE
the analysis is as follows
- the price made a required retracement
- i have marked SSL which is also very important support because if it gets broken it may indicate the start of a micro bearish trend
- there is also a minor range which is also marked in the chart
- the railway narrative seems to be overrated now so trade with cautious
dont play with fire, always use predefined stoploss
#JPPOWER TRADE IDEA SETUP Greetings Folks,
today i have prepared a setup on JPPOWER on NSE
the analysis is as follows
- past few days this stock has been performing well
- following a dynamic support trendline
- currently testing a static resistance which is about to break
- if tomorrow opens gap up, wait for a retest for entry
dont play with fire, always use predefined stoploss
JPPOWER Wait for Bulls & Trend ReversalThe idea here is about Jai Prakash Power Ventures:
Jai prakash Power Ventures Ltd. engages in the generation of power. It operates through the following segments: Power and Transmission, Coal, and Other. The Power and Transmission segment includes generation, sale, and transmission of power. The Coal segment refers to the coal mining for captive use in energy generation. The Other segment consists of cement grinding.
My view is short term bearish & long term Bullish for the below observed technical factors.
Points as per TA on a Monthly, Weekly & daily Chart:
1. Contracting or symmetrical triangle formation observed with ABCD completed and expected move towards E on Elliott’s triangle pattern on a weekly chart as per below:
2. Cup & Handle formation observed on a Monthly chart & under ranging market at the time of publishing as per below:
3. Bearish Anti Butterfly Harmonic pattern completed swing target 2: A Swing = 6.45 which is also contracting or symmetrical triangle support zone as per below:
4. Bullish Gartley Harmonic Pattern CD leg in progress, min & max XD distance on Fib is 0.786 for Gartley which is 6.30. Which is also approx to contracting or symmetrical triangle support zone & Target 2 on Bearish Anti Butterfly Harmonic Pattern as per below:
5. Possible Inverse Head & Shoulder Pattern observed & price to be rejected @ 8.50 due to resistance zone & Bearish Anti Butterfly B point on a weekly chart as per below :
6. Elliott’s Bullish triangle ABCD points completed and Price direction towards E point on a weekly chart as per below:
7. Possible Head & Shoulder pattern observed on daily chart with support zone @ 6.75 as per below:
8. Trading way above 20 & 200 EMA on a weekly chart & 20 EMA cross over expected soon.
9. Trading above 200 EMA & 20 EMA Support on weekly chart.
10. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is strong uptrend & monthly chart is consolidating at the time of publishing.
11. RSI is at 54.17 on a weekly Chart and 49.44 on daily chart at the time of publishing.
12. MACD above signal line on weekly & daily chart, However it is converging towards signal line on weekly chart.
13. Hull Moving average on daily is a sell and other moving averages on weekly & monthly chart is a strong buy.
14. ADX ( Average directional index ) trend strength is at 23.43 on a weekly & 11.70 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend).
Projected Target with %: Wait for bulls to take over once the price hits 6.60 to 6.45 and enter long since the Risk to Reward looks damn good(Final % provided in chart), since the Earnings report which was on 22nd Oct 2022, looks good this week will give more clarity on Entry points,
Stop Loss: Entry only once we have confirmation for long.
Note: Any dip can be considered as accumulation.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Cheers.
JP power-Weekly Cup n handle breakout with VolumesJP Power has given an Weekly Cup n Handle breakout with Bollinger Blast on charts.
Cmp 7.8.
Accumulation zone Rs 7-8
First tgt ts Rs 10 & eventual tgt of rs 13-14.
Stop loss can be placed at Rs 6.5 DCB
Life time highest Weekly Volumes confirms that its a big accumulation. Weekly ADX comfortable abv 25 denotes great strength. MACD also comfortably in Green
Time frame 3-5 weeks for tgt
Regards
Mayank mundra
JPPOWERBULLISH DIVERGENCE : A STOCK IS SAID TO BE IN BULLISH DIVERGENCE WHEN MOMENTUM IN RSI INDICATOR IS MORE THAN THE PRICE MOVEMENT ,AS ONE CAN SEE IN THE ABOVE CHART PRICE MOMENTUM IS IN DOWN TREND WHEREAS RSI MOMENTUM IS IN UPTREND THIS IS AN INDICATION OR SIGN OF EXTREME BULLISHNESS
I HOPE U ALL UNDERSTOOD THIS CONCEPT CLEARLY IF SO PLEASE SUPPORT BY FOLLOWING AND LIKING
JPPowerJppower is a hero or Zero stock (highly risky bet can become zero)
Reasons for selecting this stock:
1.Technically forming Head and Shoulders pattern target could be RS10 minimum 1yr holding
And longterm (3yrs target -25)
2.jppower management continuously putting lot of efforts to reduce debt and their efforts are reflected in their hardwork .
3.JPPower management and ICICI securities reduced debt from 11000crs to 5000crs through Debt Restructuring method in 2020 and Again reduced 299.51crs debt this year(March 2021)so Net Debt remaining (5000crs-299.51crs=4700.49crs approx)
4.ICICI Securities has approx 12% stake in jppower which is a positive indication.