As per my analysis NSE:JPASSOCIAT is at level to take buy side entry. Price already retraced on weekly correction. 17.20 could be buy trigger level with stop loss of 15.90 (-1.30 Risk). My expected upside target would be 18.50, 19.35, 20.15. This could be low risk and high reward positional trade idea. Note: This is my personal analysis to learn stock market...
The stock has given a good impulse upmove above the resistance level after a long period of consolidation. It is now consolidating at the support level of 17. Looks good for another short run Entry - 19.3 Stop Loss - 17.1 Target 23.2
#JP ASSOCIATES.... The 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...
I expect he will fall to the specified level after reaching the resistance
The price reached the support and then turned back from it and will start to resist
It is centered on an absolutely clear upward trend, preferring after reaching the resistance to open a short position
Upon reaching the resistance line it will descend to support.