Accumalate West Coast Paper Mills on dipsPaper 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 weeks back was a perfect reversal candle seen however one and half week move from there on has been mild convincing that it was not a bearish reversal.
Positionalcall
Buy on dips Bang overseasAs can be seen due to favorable exchange rate for exporters this issue has risen significantly and is trading above all indicators except tenkan, which means the stock is taking a breather also, the cloud B line is flat which is concerning and can attract towards it. look for dips and reversal candle formation on weekly basis for buy in the scrip.
Buy radha madhav corp on dips.As can be seen the price has recently price has moved above the cloud and has become stronger than nifty. The flat kijun is a concern. Nonetheless the issue can be added on dips.
Buy Mahindra CIE for long term. The stock is buy on dips.s can be seen the price is trading above the Cloud decisively and is in line with the broader markets movement of Nifty. The issue can be added near kijun level. One concern is the flat Cloud B line which means stock is flat movement. therefore advisable to add small portions on dips and once conclusively trading above 260 with upward move of Cloud A and B line, the issue is ready to reach new highs.
Happy Trading /Investing
Shamoil
Is it getting ready for trend reversal??Verdict:
Stock might be getting ready to move out of
corrective phase & continue its uptrend
Based on DEMAND & SUPPLY ANALYSIS,
125 & below = strong sellers area, & stock has breached this level.
And trend reversal will get confirmed when it will breach 138 lvl.
It is generally observed that if stock crosses 76.8% retracement lvl,
then 90% of the times, it will leads to trend reversal. In this case,
130 is this level.
You can create LONG above 130 with the stop loss of 117.
(For medium to long term investment.)