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JAIPRAKASH POWER VEN. LTDJAIPRAKASH POWER VEN. LTDJAIPRAKASH POWER VEN. LTD

JAIPRAKASH POWER VEN. LTD

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JPPOWER trade ideas

JPPOWER | BIG OPPORTUNITYJP Power (jppower) appears to present a compelling opportunity for potential investors and traders based on a combination of fundamental and technical factors. The technical analysis suggests that the stock is displaying signs of a potential bullish trend reversal, which is supported by fundamental improvements in the company's performance. Below is a breakdown of the technical analysis: Fundamental Improvements: The analysis begins by acknowledging significant improvements in the company's fundamentals. These improvements are likely contributing to the positive sentiment surrounding the stock. Bottom Opportunity: The technical analysis highlights the potential to enter the market at a favorable point, typically referred to as the "bottom." This indicates that the stock might have experienced a recent downtrend and is now positioned for a potential upward move. Inverted Head and Shoulders Pattern: The technical analysis identifies the formation of an inverted head and shoulders pattern on both the monthly and weekly time frames. This pattern is considered a bullish reversal pattern and suggests that the stock's downtrend might be reversing into an uptrend. The pattern consists of a central low point (the "head") flanked by two higher low points (the "shoulders"). This formation indicates a potential shift from bearish to bullish sentiment. Trend Line Breakout: The analysis notes that the inverted head and shoulders pattern is accompanied by a breakout from a trend line. This breakout signifies a potential change in the stock's price trajectory and could be indicative of a new uptrend. Volume Confirmation: The technical analysis highlights that the breakout from the trend line was accompanied by high trading volumes, which surpassed the average volumes observed thus far. Volume is an important confirmation factor in technical analysis, as it adds credibility to price movements and suggests strong market participation. Weekly Closing Confirmation: The breakout from the trend line also occurred on a weekly basis, and the stock managed to close above this breakout level. Weekly closing prices are often considered more reliable indicators of trend changes compared to intraday or daily price movements. Price Target: The analysis indicates that the price targets for potential gains are based on the size of the "head" of the inverted head and shoulders pattern. This is a common method to estimate potential price targets in this pattern. In conclusion, the technical analysis of JP Power (jppower) indicates a multiple confirmation trade opportunity with a bullish bias. The convergence of positive technical factors, including the inverted head and shoulders pattern, trend line breakout, increased volumes, and weekly closing confirmation, suggests that the stock could be poised for an upward move. However, it's important to note that all trading and investment decisions should be made with thorough research and consideration of risk factors.
NSE:JPPOWERLong
by siddarthshrikhande
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”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JPPOWER
by Tron029
JP POWER WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:JPPOWERLong
by Tradelikemee
JPPOWER: TARGET 186%; RR = 1:15Hello traders! JPPOWER breakout confirmation given on last Friday as it closed above the trendline and the 6ma as well. Breakout is supported by the significantly increasing volume in the last two weeks. Entry can be taken at current market price on Monday with a tiny Stop Loss. Reward is huge as referred to the chart. Go through the chart for better insight of the analysis. NOTE: Position sizing and risk management is more important than entry. DISCLAIMER: This analysis is published only for educational purpose and not for trading recommendations.
NSE:JPPOWERLong
by Cruoso4u
JP PowerTrade Setup: Monthly: Stock has broken out multi-year trend line, with Bullish candle. Huge volumes are accumulated. Crossed 50EMA and sustained (never did before in its lifetime since 2010). Weekly: change in trend from LH - LL to HH - HL. 50EMA and 200 EMA providing good support. Crossed 200EMA resistance as well (never did before since 2010). Overall, Good confluences observed, which is very important for a trade. Entry = CMP ie; 5.20 INR SL = below support line ie; 3.30 INR Target = 9.80 INR (T1) and 24 INR (T2) RR = 2.42 (for T1) Be patient with the stock. Fundamentals are improving.
NSE:JPPOWERLong
by Madhukavali