JP power-Weekly Cup n handle breakout with Volumes
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
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