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Discussion in 'Technical Analysis' started by kajaria, Dec 18, 2013.

  1. kajaria

    kajaria New Member

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    Its right time to enter J P ASSOCIATES @ 52.00 to stay invested for next 6 months target is 60.00
     
    kajaria, Dec 18, 2013
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  2. madhusudhanps

    madhusudhanps Member

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    As per Candle analysis there is Bearish Engulfing Candle on weekly chart. So I prefer good Bullish signal on atleast Daily chart to enter.
     
    madhusudhanps, Dec 18, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    On a daily chart I do see a pin bar and so can be a good long entry right at this moment. I don't think target of 60 would take six months and I expect quite sooner.

    Stop loss of 50 would be real strict.
     
    shabbir, Dec 18, 2013
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  4. madhusudhanps

    madhusudhanps Member

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    Bullish Engulfing candle complete today, so you can try to enter near 52; try to book partial profit at 57 and then target for 60 with stop loss for first target as 50 and second target as 52; as 60 is strong resistance area.
     
    madhusudhanps, Dec 18, 2013
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