06 September 2014

JPASSOCIAT

6th Sep

JPA had a sharp decline, generally associated with final dash down in wave C. But here the move seems the final wave E in a 5 wave move.

The stock should move to 47 slowly but surely and if it has in it then 54. And this move will tell us if it is just a bounce or we are done with the correction.

Stop for the up move is below 31.75 giving an excellent Risk to Reward ratio.



1 comment:

The analyst said...

Thanks. Was looking for view on jpa.
Can you please also check unitech chart, fundamentally looks 45 to me