ANDHRAPAPER || 05/12/2022 || UPSIDE POTENTIAL 10% || CMP 429** I AM NOT SEBI registered advisor please consult financial advisor for your investment**
**This is only for educational purpose you can also share your thoughts in the comment section.
** TRADE REASON : TOOK SUPPORT FROM DEMAND ZONE **
**CMP:430 LOOKING UPSIDE UPTO 10% **
** In this chart, I can see good demand zone and whenever it hits the line it showing some bullish pattern candle and rises.
** The hidden Resistance Line will be first target**
** But the volume of candle looks not too good can trade with minimum quantity**
**Trade will taken only if the closing above 430 with good candle at 3:15 PM **
**Trade idea by keeping STOPLOSS at 400 and TARGET 1 as 480 which will near hidden resistance line**
**you can also MINDACORP technical analysis by clicking the below link
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ANDHRAPAP trade ideas
ANDHRA PAPER LIMITED + Rounding Top + Just a View 📊 Script: ANDHRAPAP (ANDHRA PAPER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Commodities Forest Materials
📊 Industry: Paper & Paper Products
Key highlights: 💡⚡
📈 Script is trading near its support level which is around 410 mention is chart.
📈 if script is able to break its support level then one can short script.
📈 Short below 410 only.
SHORT BELOW/entry below 410
⏱️ C.M.P 📑💰- 413
🟢 Target 🎯🏆 - 357
⚠️ Stoploss ☠️🚫 - 440
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy Navaratri 🕉️ 💃🏻🕺🏻
Happy learning with trading. Cheers!🥂
ANDHRA PAPER - Swing TradeThe 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.
ANDHRAPAPER LONG SETUPANDHRAPAPER :: LONG
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Initial Buy Level below 220
Stop-Loss 199
May add more when price sustains 245 - 250
(buy on dips in 2-4 tranches )
/**
Caution : Cyclical paper industry stock ... Prefer allocating < 5% of your capital.
Radhakrishnan Damani has small stake as of Dec 2021.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
