JP Associates on the daily chart is on the perfect uptrend and as the trend is up we only focus on buying it on every declines. Last 2 trading session has been interesting for the stock as we have seen stock is near to the trend line support and also just near the previous resistance which is now a support for stock. We believe fresh long positions can be initiated from the current level of 95.5 ... [Continue Reading]
Trend line A perfect analysis tool: Drawing Trendline Correctly
Trend lines are most frequently used tool in technical analysis, they can be used to get entry at the bottom/top of pullback. Its great to observe how price action finds support at the testing of trend line. For drawing a trend line you will just need two points, either two major tops or major bottoms. Just as shown in below chart: Now we will just wait for price to come towards trend line and ... [Continue Reading]