Recently breaks all its near time resistance make or break will be decided by 10th June
indicator and rating
RSI (86) Buy rating- 1
Neutral Rating- 2.5
sell rating -4
MA/EMA cross over (still bullish )
MACD (5.20) Buy rating 3
Neutral Rating 1
sell rating 3
This is no coincidence that somewhat a head and shoulder patterns neckline + falling trendline + a very crucial volume-based traded area all broken and closed with a bullish candle on the day .... JK paper seems to be rocking in a few days.
Risk = 4% . The reward depends on how much patient u can be :)
Buy abv 155 sl 146 target 178-188
Volume has dropped in falling market. Range contracted near 20 DeMA which means selling pressure has eroded. Price first tried to move down below 20 Dema but couldn't manage and in that event made a lower wick on daily and 15 min chart. RSI is showing positive hidden divergence. All the activity is happening within the large...
Educational Purpose Only
Keep an eye on the given levels, may have the potential to break the previous resistance to achieve the given targets.
Do not long right away, let it break the level to give some confidence.
JKPAPPER 1 DAY WOLFE CHART
AFTER EARNING TODAY JKPAPER MAKE SUPPORT
LET SEE HOW STRONG ITS VERY STRONG SIGN OF BUY IF HOLD SUPPORT FOR BUY SETUP
LEVEL IN CHART
Please let me know if you have any questions.
THANK YOU !!
HAPPY TRADING !!
DON'T ENTER LONG IF IT BREAKS DOWNSIDE THE PATTERN
RISKY CONSIDERING THE RECENT BEARISHNESS
BUT WORTH A LOOK CONSIDERING THE REWARD
LOOK FOR TARGET OF 100+
A CLOSE BELOW 92 - STRICT STOPLOSS.
MAKE YOUR OWN ANALYSIS-BEFORE TAKING ANY TRADE BASED ON OTHER"S DECISIONS
STRICT STOPLOSS IS MUST(LOGICAL)
ONLY FOR EDUCATIONAL PURPOSES.
THANK YOU VERY MUCH,...