JKPAPER
JKPAPER JKPAPER - reversal stock and breakout with good volume
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
J K Paper : Short term (1-3 Months)#jkpaper #swingtrading #swingtrade #breakout #momentumstock #trendingsetup
J K Paper : short term (1-3 months)
>> Momentum Stock
>> Trending setup
>> Low PE stock : 8
>> Good strength and volume spurt
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
J K Paper cmp 490.10 by Weekly Chart view*J K Paper cmp 490.10 by Weekly Chart view*
- Volumes surge over last week well above the previous weeks
- Back to Back Triple Bullish Rounding Bottoms with neckline tad above Support Price Band
- Price has sustained above both Trendlines of the Falling Resistance and the Rising Support
- Also Price has tested retested the Support Price Zone and taken breakout by Volumes surge
- Weekly Support at 432 > 365 > 284 with Resistance at 561 > ATH 638.75 and each New ATH
JKPAPER Long IdeaJKPAPER looks forming Inverted H&S. Currently in right shoulder.
Pros
Good Risk:Reward pick.
Cons: It broke down parellel Channel which might be a downtrend in Daily chart atleast. So StopLoss to be followed.
Be Cautious:
Broader market is not participating in recent upside of market. So follow stock specific stoplosses.
JKPAPER | Swing Trade📊 DETAILS
Sector: Paper & Forest Products
Mkt Cap: 6,674 cr
Established in 1962, JK Paper is the leading player in Office papers, Coated papers and Packaging boards. It is one of the most respected paper companies today.
TTM PE : 5.47 (Low PE)
Sector PE : 7.01
Beta : 1.13
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
7.81% away from 52 week high
Underperformer - JK Paper up by 5.05% v/s NIFTY 50 up by 8.24% in last 1 month
📈 FINANCIALS
Piotroski Score of 9/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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JKPAPER - Bullish Swing ReversalNSE: JKPAPER is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Weekly bullish pattern in JKPAPERA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:JKPAPER
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
JKPAPER - Keep in radar!JKPAPER
Technical analysis pattern known as the "Head and Shoulders Bottom," also referred to as an "Inverse Head and Shoulders" pattern has been formed on daily chart of JKPAPER.
This pattern is often considered a bullish reversal pattern, indicating a potential change in trend from a downtrend to an uptrend.
Here's a breakdown of the pattern:
Downtrend Phase: The pattern forms after a significant downtrend in the price of an asset.
Formation of Lows: The pattern consists of three lows. The first and third lows (the "shoulders") are higher than the middle low (the "head"). This forms a distinctive shape resembling a head and shoulders, but in an inverted position.
Volume Analysis: During the formation of the pattern, you typically observe higher trading volume during the first two declines (shoulders), indicating strong selling interest. As the pattern progresses into the right shoulder, trading volume usually diminishes, showing decreased selling pressure.
Neckline: Drawn between the two highs (shoulders), the neckline acts as a level of resistance that needs to be broken for the pattern to be confirmed.
Reversal Signal: The bullish reversal signal occurs when the price breaks above the neckline. This breakout signals the potential end of the downtrend and the beginning of a new uptrend. The breakout is often accompanied by an increase in trading volume, indicating a surge in buying interest.
Confirmation: For the pattern to be considered confirmed, it's important that the price closes above the neckline, preferably on higher volume. This confirms the change in sentiment from bearish to bullish.
Price Target: To estimate the potential price target after the breakout, you can measure the distance from the head (lowest low) to the neckline and project that distance upward from the breakout point.
Remember that while technical analysis patterns like the Head and Shoulders Bottom can provide insights into potential price movements, they are not foolproof indicators.
Markets are influenced by a wide range of factors, and patterns may not always play out as expected. It's important to consider other forms of analysis and risk management strategies when making trading decisions.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Positional Long in JK PAPER - (Detailed method to trade below)NSE:JKPAPER
This one is giving a breakout from what looks like an inverse head and shoulder pattern, which hints at continuation of the ongoing major bull trend in the stock.
Breakout has been accompanied with good bursts of volume activity. Also, it has occured on a day where major indices and the broader market is considerably weak.
Pattern targets come at 510, with two different SLs which one can take.
A tighter SL below the low of the breakout candle where also lies the 20 Day moving average gives a R:R of 1:2.4
A deeper SL, below the latest swing low, where also lies the cluster of 50 Day & 100 Day moving averages, as well as the monthly pivot point, also gives a decent R:R of 1:1.7
Ill tell you how I trade this types of breakout where it is a bit extended or the ideal entry point is just out of reach.
I would buy half of my desired quantity right now, and wait for the day end to get confirmation of the breakout to build my desired position. In this way, there is less fomo if it continues to burst upwards, and you can then add further qtys as it consolidates again and makes new highs.
If it falls back, re-tests and then rises again, then this gives you an opportunity to build your other half of the position at a lower rate and bring down the average cost.
If it falls back and fails to bounce again / gives a false breakout, then with you being only half the desired quantity, you'll lose lesser than usual too!
JK Paper LimitedJKPAPER:- From last 4 months stock was trading in small range or can say consolidating but today good volume has been seen keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JK Paper: In Elliot Collective WaveWe are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib.
Here are our observations:
We are actually in the corrective A,B,C phase of wave formation.
The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C.
The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of Fin retracement (which is around 300).