Jaiprakash Power Ventures Ltd (JPPOWER) based on the chart you shared:
✅ Technical Analysis
- Price Action & Fibonacci Levels Recent High: ₹27.70
Current Price: ₹22.25
Key Fibonacci Retracements:
0.618 level: ₹23.77 (important resistance)
0.5 level: ₹22.51 (currently near this level)
0.0 level: ₹17.17 (major support if trend reverses completely)
The stock is currently retracing after a strong rally. It is hovering near the 0.5 Fibonacci level, which is a crucial support zone.
- Support & Resistance Immediate Resistance: ₹23.77 (Fibo 61.8%)
Next Resistance: ₹27.70 (previous swing high)
Immediate Support: ₹22.18
Key Support: ₹20.45 (below this, downside accelerates)
Major Support: ₹17.00
- RSI (Relative Strength Index) RSI is ~71 (overbought zone)
Indicates a possible short-term correction or consolidation before next upmove.
- Pivot Levels for Today Pivot Point: ₹22.51
Resistance 1: ₹23.77
Resistance 2: ₹25.20
Support 1: ₹22.18
Support 2: ₹20.45
So intraday traders can buy above pivot (₹22.50) for quick moves to ₹23.70+, but selling pressure likely near ₹23.8–24.0.
✅ Fundamental View JP Power is part of Jaypee Group with interests in power generation.
Debt levels are high, but recent restructuring & improved power demand help long-term outlook.
Revenue & profitability improved due to higher PLF (Plant Load Factor) & better tariffs.
Power sector reforms & renewable push add some optimism, but still a high-risk, high-volatility stock.
For long-term investors, fundamentals are average, so it’s more of a trading stock unless major debt restructuring news comes.
✅ Trade Plan View Action Entry Target Stop Loss Intraday/Short Term Buy on dip ₹22.20–22.50 ₹23.70 → ₹25.20 ₹21.80 Medium Term (1–3 months) Buy above ₹23.80 breakout ₹23.80–24.00 ₹27.50 → ₹30.00 ₹20.40 Long Term Wait for ₹20–21 zone ₹20–21 ₹28+ ₹17
✅ Bias If price holds ₹22.20, expect bounce to ₹23.7–25.2
If it breaks ₹22.0, expect further correction toward ₹20.45 → ₹17
So today’s session:
Watch ₹22.20 as immediate support
If it sustains above pivot (₹22.50), upside possible to ₹23.70
If breaks below ₹22.00, expect ₹20.45 next support
Delivery-Based (Positional) Trade Setup for Jaiprakash Power Ventures Ltd. (JPPOWER) considering the current technical + fundamental picture.
✅ Delivery Positional Levels Best Buying Zones (Accumulation) Primary Accumulation Zone: ₹20.00 – ₹21.00
Near strong support zone (previous breakout + key support ₹20.45)
Aggressive Buy Zone: ₹22.00 – ₹22.50
If you want to start small buying now & average lower if dips
Stop Loss for Delivery Positional Stop Loss: ₹17.00
This is the major swing support & Fibonacci 0% retracement
If price closes below ₹17 on weekly basis → trend turns negative
Targets for Delivery Target 1: ₹25.20 (short-term bounce zone)
Target 2: ₹27.70 (previous swing high)
Target 3: ₹30.00–32.00 (medium-term if bullish trend continues)
✅ Why ₹20–21 is Best Delivery Zone? Matches with previous consolidation support
Close to 50% retracement from ₹27.7 rally
RSI will cool down from overbought → gives better risk-reward
✅ Delivery Trade Plan Action Price Zone Stop Loss Holding View Expected Targets Start Buying ₹22.00–22.50 ₹17 1–3 months ₹25 → ₹27.7 Add More on Dip ₹20.00–21.00 ₹17 3–6 months ₹27.7 → ₹30+
✅ Holding Bias Short Term: May consolidate between ₹20–24 before next move
Medium Term: Above ₹24.00 → bullish towards ₹27.7 again
Long Term: Only if debt restructuring improves fundamentals
👉 Safe approach: Wait for ₹20–21 dip for best delivery buying 👉 Aggressive approach: Start small qty now & average if dips
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