WSTCSTPAPRWSTCSTPAPR:- Stock has given breakout after 1 month of consolidation keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
WSTCSTPAPR
Long bet in West Coast Paper Mills.Financial highlights.
Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 33.9% in terms of its profit.
Company has a good return on capital employed (ROCE) of 61.5 %.
Stock has negligible debt to equity of 0.09. /list
Technicals.
Currently price is at somewhere between support and resistance level of the trend line, some position can be made either it gives a breakout, or it comes back to support.
My commentary
West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India.
Paper consumption expenditure is expected to double from $1.5 trillion in 2020 to $3 trillion by 2030.(Source: The Hindu).
We can long on this, if it falls as it is more likely to happen, more quantity can be added.
This is only for an educational purpose, Don't take it as a trade calls. I am not a Sebi registered
WSTCSTPAPR - Ichimoku BreakoutStock Name - West Coast Paper Mills Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 740
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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WSTCSTPAPR - Triangle Breakout - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
WSTCSTPAPRWSTCSTPAPR:- Stock consolidating from last 1 month and going to give breakout on daily chart keep your eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Long WSTCSTPAPR, Move is ON..NSE:WSTCSTPAPR
Target 2 achieved in WSTCSTPAPR
Based on current strength in the stock. target further revised.
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Long WSTCSTPAPR, Move is ON..NSE:WSTCSTPAPR
Target 1 achieved in WSTCSTPAPR. There is more strength in the stock. so target revised.
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
WEST COAST PAPER - Bullish Head & Shoulder + huge volumeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
WEST COAST PAPER MILLS | CHART#14West Coast Paper Mills Ltd. engages in the production of paper for printing, writing, and packaging. It operates through the following segments: Paper, Cables, and Others.
*Stock Analysis*
-- Stock is progressing for a breakout at 185 levels. If it sustains then it can move up to 200 levels.
-- Good Volume confirmation
-- RSI Indicator above 50(on Daily chart ), and pointing steep : shows a buy sign
-- Once it touch 200 level there is a possibility of retracement up to 185 levels to take support.
-- moving average crossover done.
*Important Levels to Watch*
-- Entry @ CMP
-- Target @ 200
-- SL @ 165 and after breakout put trailing SL
Good Luck Investors❗
-GokulHari
#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