Wednesday, February 13, 2013

JP Associates.... Hammering out the down trend

Hi all,

As mentioned in the earlier post, (http://hrishikeshprabhavalkar.blogspot.com/2013/02/jp-associates.html) JP found support near 69 mark (12th Feb 13 low of 69.10......

Surprisingly it had created a Hammer on daily charts and hence is a candidate for at least a short term small bounce...

CMP 73.5-74

Supports - 69 - 65
Resistances - 75.50-79-82.5-88.



Cheers.....

Hrishi

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