Need advice on Jai Prakash Power Ventures

Hi,

Need advice on JP Power. I've 30k shares at an average of 12Rs. Now its currently trading at 6 Rs. Is there any chances it will go up? Please honest advice. I can wait for 1 yr.

Hi

Daily time frame:


As per forum rules, we not can give direct trading advises in any thread. If you study the chart, you will see on the daily time frame that the script is at a certain resistance line, supported from a very small short time up trend line. Now this resistant line the script must take first and then there is some room to the upside to the next level and even a lot of room when also the longer term down trend line is token in that time frame.

If you have a look at the same script, but with the weekly time frame, you will recognize the support line and the longer term down trend line. If you want to keep the shares and you have time, you may still look that you set your self the absolute max loss you want to take on this share in case if it breaks the support at the horizontal level.

Weekly time frame:


All the best and do act according to what you see on the chart. Dan

Kannadamahal,

The question to ask yourself is what made you buy the stock of this group? Was it a tip, or the fact that the stock seemed a good buy because it was available at 50% off its price about a year back or was available at 90% discount to it's one time high? Simple research of looking at the chart would have pointed out significant issues with this stock/group - the problems of which are well known to all and is no secret. Giving trading advise is prohibited, but I would be glad to sell IMMEDIATELY to recover whatever I can of my money if I was in your place. In my view, there is no saying how low this stock can go...

If a stock has been trading at 70 about 5 years back and now is available at 1/10th the price, means it is in deep, deep trouble. Just check these links to get an idea of the stock you hold.

Jaypee Group’s Rs61,285 crore debt problem -The group has sold a slew of assets to cut debt, but what happens when all the good assets are offloaded? Dt. 20th Sep. 2015

http://www.livemint.com/Companies/z...Jaypee-Groups-Rs61285-crore-debt-problem.html

Jaiprakash Associates’ status rated default, fails to pay off debt. The company has not paid its dues on debt of Rs. 95,272.03 crore Dt. Aug 14 2015

http://www.livemint.com/Companies/5...tes-status-rated-default-fails-to-pay-of.html

Jaiprakash Associates’ debt rating cut to default Rating firm CARE downgrades the ratings on the back of delay in servicing of debt obligations by the company due to its weak liquidity position. 20 Sep 2015

http://www.livemint.com/Money/7sqng...sh-Associates-debt-rating-cut-to-default.html

What was your highest buy and lowest buy ..it seems you dint buy all 30k shares at once.