Inverted head and shoulder pattern formed in PUDUMJEE PAPER.
Target 1 48.5 lvl according to previous resistance levels.
Target 2 50.9 lvl with respect to H&S pattern.
Strong Bullish in a short term
#starpaper
#star
Breakout>retest>took last swing high
Star paper mill
looks good on weekly chart.
Has retested BO and sitting on last swing high levels.
Bit risky trade.
Entry made at 170.4
TGT 215
SL 145 CB
#vr
Levels are marked on the chart
Stock has been following 50 ema and 100 ema is acting as amazing support.
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Stock has given a Good Breakout above 30.75 with spike in Volume which indicates that in days to come we might see the resistance of previous swing high i.e. of Rs 35-37
with support of 30. Along with Price and Trend Analysis Breakout Momentum indicator is also turn into positive territory.
NSE:KUANTUM
Moving up in Parallel Channel.
Testing Support, making higher highs and higher bottoms.
International Paper prices rising & a good Q4 result can support the up-move.
Target : 75-81-94
Support : 63
SL : 59
Risk:Reward - 1:4
RSI : Monthly & Weekly above 55
Trading above 50 SMA
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
Paper sector is booming due to adversarial move in crude price and long term negative impact of plastic on environment. this was the economical and sentimental change in though of investors, which has caused the price to move in tandem and stronger than nifty. However tenkan kijun and cloud B have become flat and price could be attracted towards it.
Also two...
