Technical Analysis: JP Associates tests trend line support
JP Associates on the daily chart is on the perfect uptrend and as the trend is up we only focus on buying it on every declines. Last 2 trading session has been interesting for the stock as we have seen stock is near to the trend line support and also just near the previous resistance which is now a support for stock. We believe fresh long positions can be initiated from the current level of 95.5 for the targets as 105.75 in short term with stop loss at 90 region. Option Traders can also take part in this trade idea, by taking long positions on JPASSOCIAT 100 call option around 2.7, with positional target as 5 and then 6. Stop loss must be based on cash level, so if stock goes below 90 you should exit option trade also.
On weekly chart, JPASSOCIAT has gave a decent breakout of the triangle pattern and its on the upside. So chances are that our trading idea is worth taking and also here we see a positive risk reward ratio which is 1:2. Slow stochastic indicator is however showing stock is not oversold, this might bring in some consolidation before fresh up side. Article written on 28 Dec 12.
See weekly chart:
You Should Read This:
- Trend line A perfect analysis tool: Drawing Trendline Correctly Trend lines are most frequently used tool in technical analysis, they can be used to get entry at the bottom/top of pullback. Its great to observe how price action finds support at the testing of…
- JP Associates is in Strong Down Trend, More Selling Expected Below 74 Levels Jaiprakash Associates Ltd. a leader in construction sector, also it is one of the oldest company in this sector that is listed on NSE. Its shares began trading on 7 November 1994 on NSE. Also…
- Technical Analysis: Buy FMGOETZE for short term, Trendline support Federal-Mogul Goetze is a mid-cap stock and has been in a strong uptrend since 2009 and I believe it to continue for some time. This stock is taking support on a advancing trend-line, as I…
- Technical Analysis: Grasim shows sign of upmove, Buy now Grasim’s daily chart shows the trend in stock is up, hence trading in the direction of the trend we will be looking for buying opportunity in this stock. As we give closer look to the…
2013-02-16 11:06:45
Source: http://ournifty.com/technical-analysis-jpassociat-trend-line-support.html
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,813,926,945 |
| Stories: | 8,657,957 |
Whistler Blowers, Insiders
