Jk paper is trading within the triangular pattern once it broken we can up with short time target of 387 .Volume is growing .
PS.I am not sebi registered Analyst please consult ur advisor before investing
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high...
JK PAPER LTD
EMA 9: 336.17
EMA 20: 336.07
EMA 50: 325
EMA 100: 299.53
Risky traders buy above 343
Safe traders buy above 348
Stop Loss below 315 for Risk traders
Stop Loss below 328 for Safe traders
--> JKPAPER has given a breakout from its previous ATH which is 285. and also has given a breakout above its Trendline joining all previous ATH.
--> JKPAPER has broken out of the DESCENDING TRIANGLE after consolidating above its previous ATH.
--> Take a postion when stock gives 1 HR closing above 325.
JK PAPER LTD
With recent movement in paper sector, JK paper give breakout
But rejection from trendline resistance at levels of 305-310
Good to buy if stock corrected to levels upto 285 levels
for positional targets of 325 to 375 levels
Keep SL of 270 DCB
Above levels are for education purposes only
Do your own analysis before taking any trade
As per the 2 Hour Chart of JK PAPER, we have witnessed a Formation of a “Morning Star” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 228.20, 232.25, and 235.55. Whereas, on the other hand,...
JK paper was in a correction phase till it got some demand from prev. turned supply zone. Now it is in HH/HL pattern and might continue till ATH. Though volumes are bit concerning, thus if volumes pick-Up in upcoming days then one can plan their long side trades around these patterns.
Happy Trading :)
Disc: Chart posted only for learning purpose.