JK PAPER Reclaiming Resistance Around 465
✅ The stock has rebounded strongly from the support zone near 400 and is now trading at 465, approaching a key resistance level. A breakout above 470 could lead to a rally toward 520-550.
✅ The 100 EMA and 200 EMA are providing strong support, reflecting a continuation of the bullish trend. The RSI at 53 indicates moderate momentum, with room for further upside.
✅ Volume has picked up during the recent rebound, signaling increased buying interest. Watch for a breakout above 470 with strong volume for confirmation of a bullish continuation.
✅ The 100 EMA and 200 EMA are providing strong support, reflecting a continuation of the bullish trend. The RSI at 53 indicates moderate momentum, with room for further upside.
✅ Volume has picked up during the recent rebound, signaling increased buying interest. Watch for a breakout above 470 with strong volume for confirmation of a bullish continuation.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.