JKPAPER BreakoutJKPaper is looking to Breakout after recent consolidation period. It is seen making a strong bullish candle right on the lower median line of the pitchfork
1. price is above long term moving average of 200SMA ✔
2. Price is above short term moving average of 50 SMA✔
3. Uptick in RSI ✔
4. bullish MACD signal✔
5. above average volume✔
T1:285 T2:330 SL 215
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JKPAPER
JK PAPERNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Breakout in JK Paper...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (39%) achieved in JK Paper. Target 2 is ON...This is follow-up on JK Paper. Can check link to related ideas.
Target 1 achieved. More than 39%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#JKPAPER CMP 162.65 #Target 181 #swingtrading #trading #stocks
#JKPAPER
NSE: JKPAPER
CMP 162.65
Target : 181.4
SL 150
RR Ratio > 1.5
Time Frame < 45D
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Abstract Head and Shoulder | JK paper 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 :)
BuyBuy 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 bullish candle.
Disc : it's not an investment advice to buy or sell






















