# West Coast Paper Breakout
1. Forming small candles with higher highs & higher lows for 3 days near Resistance (579) usually result in a breakout
2. Price above 20, 50, 100 & 200 EMA's
3. Close within 52W High Zone 663.95 (-13.2%)
* Educational purpose only
WESTLIFE loooookss sooo delicious for positional! Go long above 304.10 with SL 300 Targets of 308 310 is seem. above 310 is 314 but book profits at all intervals
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...