Looks like JP associates is all set for a nice short term trading bounce back. If you watch the charts there is nice kicker , followed by a hammer and followed by a Gap up as shown in the below figure.
The RSI has pounced back nicely from oversold territories, have a look at the image below.
And all these signals are happening at all time low level.
We see a short term target of 62 and strict stop loss of 52. Enjoy this trade.
We see a short term target of 62 and strict stop loss of 52. Enjoy this trade.
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See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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