raavigeorgian

Pudumjee Paper - 3yr Rounding Bottom

Long
NSE:PDMJEPAPER   PUDUMJEE PAPER PRO
The stock shot up one day post earnings . We can see massive volume accumulation in the past 6-8months.
The whole sector is on an upmove. The company has very low debt and can multiply from here.

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.


Comments

Entered around 32.50 few days ago, n today gave ATH, now sky is open.. let's see how high this kite flies ! 😊
+1 Reply
@Alhad, Yeah man! It'll scale much higher. Even ACE shot up quite well.
Reply
our ideas so match (though I dont publish here that regularly),
sotl, concor, v guard, pudumjee, ACE....
Good Analysis n clear; easy to understand charts. 👍👍
+1 Reply
@Alhad, Thanks man! This kind of appreciation gets me going.
Reply
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