📊 DETAILS
Sector: Paper & Forest Products
Mkt Cap: 2,302 cr
Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper.
TTM PE : 6.15 (Average PE)
Sector PE : 7.07
Beta : 1.05
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical...
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 initial Stop Loss hit or RSI close below 40
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 volume
c. Exhaustion...
SESHAPAPER breaking out of flag and falling wedge pattern on 1D timeframe with relatively higher volumes. It is apparently retesting its trendline. Enter after bullish confirmation. Follow target and stop loss levels.
Less than 30 days !! more than 30% returns booked
Trade was simple.. it was crossing it previous 52 week high with a great green candle.
So i just bought it at the end of day..
It never came down after that .
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Chart -> Seshasayee Papers Daily
After 4 times trying to break 195, finally on last Friday it broke out with big bullish candle and volume confirmation.
CMP: 202
Next levels: 228, if 228 broken -> 244, if 244 broken -> 270
Stoploss: 174
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult...
JK PAPER : Currently this is trapped in rectangular pattern consolidation. The upper ceiling stands to be at 253 and lower support is 218. It has been range bound with in this range. Recently it is testing 220*4 HRS Moving average. Previously the up move came after it tested 220*4 HRS Moving average. And hopefully we will see a good up move from now onwards, the...
SESHAPAPER is trading at confluence of multiple support zones:
1. Trend line support
2. 200DMA support
3. 200WMA support
Confluence of all these supports makes us bullish on this stock. Longs can be initiated with 225 resistance as target.
After long accumulation, the stock has given Wedge Pattern Breakout with a good and increasing delivery volume. It is taking resistance near 168 of the inside wedge. Closing above 169 will move the price ahead. MACD crossover confirms positive price movement. We can expect a target of wedge pattern as 255 in the near term.
A STOCK IS IN UPTREND IN LONG TERM (MONTHLY TIMEFRAME) AND RECENTLY IT WAS RETRACED UPTO 0.618 LEVEL.
ONE CAN GO LONG WITH THE SL BELOW the low of the previous monthly candle(Rs 116) WITH TARGET AT Rs. 269.
