raavigeorgian

Orient Paper 3 Month H&S within 1.5yr C&H

Long
NSE:ORIENTPPR   ORIENT PAPER & IND
The stock attempted couple of failed breakouts in March while being under accumulation on big volume bars. This time around the stock is up on earnings . Along with volume there's big momentum in broader market, Nifty is scaling all time high, sentiment is bullish . We can see a good breakout soon.

Moving along with sector.

SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)


BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Note: I reserve the right to be wrong.

DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.


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