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
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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