Cfa_Arvind

West Coast Paper

Long
NSE:WSTCSTPAPR   WEST COAST PAPER M
>> West coast paper is in uptrend from several sessions.

>> We observe W chart pattern on daily basis and also found that today price break the falling window, which is positive for buyers.

>> Stock is continuously trading above 20 EMA with substantial rise in volume and RSI above 60 is giving bullish indication.

>> If price fail to sustained at higher level than price may pullback to the mean reversion and this is again good entry point to buy on dip
after forming bullish candlestick .

>> If we forecast the current chart structure than it found bullish . What if price start falling from current level than price may go down
up to the rising trend line and take support from level. At that particular moment we will observe that ascending triangle chart may develop,
which is again bullish .

Buy above 230
Buy on dip 212 - 207
Stop Loss below 195
Target 247 & 268

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