Trade Idea: Jaiprakash Power Ventures (IN)

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Company profile: Jaiprakash Power Ventures Ltd. generates electricity. The Company operates a private sector hydroelectric power plant.

Summary: daily/weekly – sell

Parameters:

  • Short ≤ 17.15 (GTC)
  • Target: 9.95 (+41.98%)
  • Stoploss:  20.00 (-16.62%) 17.15 (0%) 15.65 (+8.75%) 14.40 (+16.03%)
  • Risk/reward ratio: 2.53
  • Time frame: daily
  • Country: NSE India
  • Cash Dividend: n/a
  • Dividend Indicated Gross Yield: 0.75%

Status/Updates:

  • Pending entry – trigger not hit yet
  • Trigger hit, position open @ 17.15
  • Stoploss lowered to break-even
  • 30 Jan 2014: stoploss lowered to 15.65
  • 3 Feb 2014: stoploss lowered to 14.40
  • 11 Feb 2014: trailing stop hit, exit short (+16.03%)

Daily chart at setup:

trade_jaipppower_2jan2014

Tags:

Category: Closed Trade Ideas