JK PAPER LTDUpdated needs to be very cautious
It is moving inside a down channel, however, its short term support is near i.e. 148.15 and also 200 DEMA is 147.33, so 147.33 can be considered as good support, if 147.33 is broken on closing basis, then it will open more downside and next support is 136.6 and then 127.xx.
However, if it holds above 149 level on 15th of this month, then it will face next resistance around 162.
However, if it holds above 149 level on 15th of this month, then it will face next resistance around 162.
Note
Correction, the date is 8/1/19
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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.