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JP Associates

Discussion in 'Technical Analysis' started by sujan4bw, Oct 1, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    Watch JP Associates, it is on verge of breakout. High volume also recorded.

    Stop loss would be 76. let me know your views.

    Regards
    Sujan
     
    sujan4bw, Oct 1, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    You are absolutely right but stop loss can be 79 also.
     
    sanjay_sansanwal, Oct 2, 2012
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  3. sujan4bw

    sujan4bw Member

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    Its always better to keep SL 2 or 3 points below than actual.....what do you say ?
     
    sujan4bw, Oct 2, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Not agree with u on this cause market makers always try to put guns on us and if they breach the support then they will not think for 2-3 point the will drag down to 5-10 points so we start selling in panic and they will get more advantage to buy @ lower level again.
    It is my view only cause they play with our emotions so we don't have to trade emotionally rather than that trade smartly.
     
    sanjay_sansanwal, Oct 2, 2012
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  5. drsuraimardi

    drsuraimardi New Member

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    As per my trading style my SL for JP asso will be79 (80-1).Besides 79 had been a strong resistance for quite sometime hence it is a very good support. But there is an immediate resistance around 89 and the next is well up around 103.This 103 may be achievable if it crosses 89 with force and if market continues like this
     
    drsuraimardi, Oct 2, 2012
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  6. drsuraimardi

    drsuraimardi New Member

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    SL of JP

    JP asso had a strong resistance at 79 which now will behave like a support.
     

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    drsuraimardi, Oct 2, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    This stock was in long down trend and found support at around 60 and so should be good stock to be in but when market takes a turn, this is one of those stocks to turn on its head with market.
     
    shabbir, Oct 2, 2012
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  8. sujan4bw

    sujan4bw Member

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    Today JP hit high of 92. My view is it touches 102 in next few days.

    let me know your views
     
    sujan4bw, Oct 5, 2012
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  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    looking good and should touch 100
     
    sanjay_sansanwal, Oct 5, 2012
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  10. drsuraimardi

    drsuraimardi New Member

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    I have bought @90.70.And may God makes all your and mine calculations correct.
     
    drsuraimardi, Oct 6, 2012
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  11. drsuraimardi

    drsuraimardi New Member

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    What a horrible NSE crash last friday.I bought 1 lot @90.70 and the market crashed courtesy NSE and Emkay ...JP went down to 82.30.But I believed in my analysis.My SL was 79 so I waited.And it bounced back from there .But today I thought I should come out of this stock .So I booked profit @92.65.Still I belive it can go 100.But lots of brokerage house and analyst started giving buy tips so I thought to come out of this....
     
    drsuraimardi, Oct 12, 2012
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  12. shabbir

    shabbir Administrator Staff Member

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    Nicely done. When those tips start flashing, it is always good to get out because it could be because some one wants to sell large orders.
     
    shabbir, Oct 12, 2012
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  13. yankeedin

    yankeedin Responder

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    90
    if jp closes above 102.15 tomorrow, it will touch 110. can be bought for SL of 96.
     
    yankeedin, Dec 18, 2012
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  14. chequesuraj

    chequesuraj Member

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    break out @ CMP 44.75 or after 45...last two session it trading at good volume for uptrend movement...

    shabbir sir need your views...

    PS: Don't know how this is valid for our analysis but...today's volumes were all time high in last 8 years 8,61,38,849...
     
    Last edited: Oct 17, 2013
    chequesuraj, Oct 17, 2013
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  15. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes, same here -

    BUT, I would prefer a more wait-and-watch for JP Associates. It is a very volatile counter. May be some news is cooking in JP, last month it had declared sale of some of its cement units - may be that has materialized or some corporate news is cooking in & thats why stock reacting like this - on the other side, I've also seen the counter move up/down by large amount in the past without any good reason.
     
    saptarshi_sachin, Oct 17, 2013
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  16. shabbir

    shabbir Administrator Staff Member

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    Yes breakout is definitely ON but then it is after a long long downtrend and so get into this stock with a religiously strict stop loss and not otherwise.
     
    shabbir, Oct 17, 2013
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  17. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Absolutely right and even something is stopping me to enter in this script may be a long term down trend.
     
    sanjay_sansanwal, Oct 18, 2013
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  18. chequesuraj

    chequesuraj Member

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    thanks shabbir, rishi, sanjay for your inputs...
     
    chequesuraj, Oct 18, 2013
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