JSPL follow up
01) Scrip Price on Pattern
JSPL 678.55 15-Nov H n S
H(ead) probably at the end of the rally;
H(ead) reversing at the 750 R levels
Rally is from Aug low of 610 to Oct high of 750
This rally has witnessed negative divergence of MACD histogram, RSI and STOC
Target: 630 - (750 - 690) = 630
Neckline b/d on 12th Nov with 1.9x (times) Vol>VolMA5
15th Gap down opening and C<O. So, a valid short trade entry