Orient Paper 
ORIENTPPR is showing signs of a trend reversal on the weekly chart after months of consolidation. Price has broken out above a critical resistance near ₹29.50, signaling the start of a new bullish phase.
A strong base was formed in the ₹22–26 zone, with increasing volume near the bottom, suggesting accumulation. The breakout from the triangle pattern indicates a potential mid-to-long-term rally.
Entry Zones:
Entry 1: ₹27.96 – ₹29.52 (early breakout)
Breakout Entry: Above ₹31.50 (confirmation entry on resistance break)
Targets:
Target 1: ₹33.35
Resistance Zone: ₹35.34 – ₹37.23
Final Target / Reversal Point: ₹42.00
Invalidation Level:
If the price breaks below ₹26.87 and fails to hold the trendline support, bearish pressure could drag it to ₹24.42, and if breached, further downside to ₹22.23 or even ₹20.38 is possible.
Trade Plan:
Buy Range: ₹27.96 to ₹31.50
Stop Loss: Below ₹26.87 (tight) or ₹24.42 (swing)
Targets: ₹33 → ₹37 → ₹42
Timeframe: Positional / Weekly
Structure: Reversal + Breakout Continuation
This trade idea aligns with a long-term trend reversal, strong bullish breakout, and Fibonacci extension targets. Volume confirmation will be key for higher targets.
Disclaimer:
This analysis is for educational purposes only. Please consult your financial advisor and manage risk carefully before entering or exiting any trade.
ORIENTPPR is showing signs of a trend reversal on the weekly chart after months of consolidation. Price has broken out above a critical resistance near ₹29.50, signaling the start of a new bullish phase.A strong base was formed in the ₹22–26 zone, with increasing volume near the bottom, suggesting accumulation. The breakout from the triangle pattern indicates a potential mid-to-long-term rally.
Entry Zones:
Entry 1: ₹27.96 – ₹29.52 (early breakout)
Breakout Entry: Above ₹31.50 (confirmation entry on resistance break)
Targets:
Target 1: ₹33.35
Resistance Zone: ₹35.34 – ₹37.23
Final Target / Reversal Point: ₹42.00
Invalidation Level:
If the price breaks below ₹26.87 and fails to hold the trendline support, bearish pressure could drag it to ₹24.42, and if breached, further downside to ₹22.23 or even ₹20.38 is possible.
Trade Plan:
Buy Range: ₹27.96 to ₹31.50
Stop Loss: Below ₹26.87 (tight) or ₹24.42 (swing)
Targets: ₹33 → ₹37 → ₹42
Timeframe: Positional / Weekly
Structure: Reversal + Breakout Continuation
This trade idea aligns with a long-term trend reversal, strong bullish breakout, and Fibonacci extension targets. Volume confirmation will be key for higher targets.
Disclaimer:
This analysis is for educational purposes only. Please consult your financial advisor and manage risk carefully before entering or exiting any trade.
Note
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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.
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.