mayank79

JP power-Weekly Cup n handle breakout with Volumes

Long
NSE:JPPOWER   JAIPRAKASH POWER
JP 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

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