JP ASSOCIATES GETTING READY FOR 30-40% UP MOVE

CAN JP ASSOCIATES DO A  30% PLUS MOVE IN NEXT FEW WEEKS TIME?

Have been Updating paid Clients abt the jp group stocks (news + technicals) whole of  last week ...

Thought of sharing with you guys as well

you must be reading about some of the good news about the Jp group reducing debt etc

Lets look into some headlines that caught my eyes this past week :

Looking to raise around 10,000 cr via asset sales

JP-UltraTech deal likely to be announced this month

JP Power in talks with CESC to sell Bina proj for over 1500 cr

JP Assoc to sell Guj cement unit to UltraTech for approx 4000 cr

JP Power in talks with Gulf-based funds to sell 2 hydro units

JP Power plans to raise close to 4k cr via sale of hydro projects

So in short  

Jaypee Group plans asset sales to reduce debt by 15,000 crore ($2.5 billion)

Now Lets look from the technical point of view for the stock Jp Associates , i'm reposting the charts i mailed to paid clients in last 8-10 days

This one was sent on 15 aug 

 

There was a good breakout chance on last Friday, but somehow due to crash in whole market , it failed . .

Then Yesterday I again mailed the updated chart to paid clients 

 

Now Lets see how Jp Associates Traded Today 

 

As you can see in abv chart , stock moved nearly 5% in last 30 min on huge vols & there was a clear build up on the long side by the traders ... Clearly tells you that's you Should definitely consider going long in this script next week to make some money on this Technical up-move  . . .

Have updated quite a few calls this week on my Facebook page & twitter , hope you liked my work & calls .. I follow strict risk reward on my calls ...If you want to take paid subscription mail me at TRENDZOFMARKET@GMAIL.COM

UGLY START FOR US MARKET

Is S&P 500 Sell on Rally or Buy on Pullback?

How does S&P 500 look on a daily Chart?
Is S&P 500 Buy on Pullback or Sell on Rally? 




S&P 500 was trading at all time high of 1710 in early August. A market that trades at all time high is always an attractive Buy on pullback. Going by this definition – the market is a BUY
But if you purely look at the daily chart – and the way S&P 500 has broken down below 1682-1685 with a large candle – it’s very difficult to build a bullish picture at least based on this set up. Technically – S&P 500 will have to close above 1685 to negate the bearish energy of the market.
Right now, shorts will get jittery on pullback considering overall macro picture of the market. We don’t know how far market can pullback on the upside. The first resistance seems to be 1658-1660 which seems to have held well for now 4 days. A breakout above 1658-1660 will result in some short term short covering push but will that mean return of Bulls — too early to say.