JP Associates SDA2 trend trading EOD charts are shown with trailing EOD supports coming near to 80-80.15 zone and retains the buy signal for the past 9 trading session and maintains the sideways trading
More recenly L&T and J.P Associates trading above the weekly cloud supports. These stocks need to be monitored in coming days as there is potential trade setup with minimal trade risk.
1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop loss can be lowered from Rs 250 to Rs 240 as lots of resistance band formed on the upper side. Related Readings Shorting J.P Associates Positionally – 23 Nov 2009 Source: www.marketcalls.in