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Roswin-Fernandes
Apr 3, 2022 5:10 PM

JKPAPER --> DESCENDING TRIANGLE BREAKOUT Long

JK PAPER LTDNSE

Description

NSE:JKPAPER

TECHNICAL ANALYSIS
--> JKPAPER has given a breakout from its previous ATH which is 285. and also has given a breakout above its Trendline joining all previous ATH.
--> JKPAPER has broken out of the DESCENDING TRIANGLE after consolidating above its previous ATH.

ENTRY
--> Take a postion when stock gives 1 HR closing above 325.

STOPLOSS
--> SL can be placed below the breakout candle at 302.

TARGET
--> Target= Depth of the cup which is around 375.
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