Emami Paper Mills is a newsprint manufacturer that specializes in the manufacture of newsprint and writing and printing paper. It operates through the Manufacture of Paper & Paper Board segment
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3....
Naharspining- 8 cupid ka funda + 10x target <300 fOR bIG tARGETS
1) Long Consolidation
2) Target is 10 times, timeframe 1 year
3) 8+ times Hit
4) Lets see how it Works
# CMP below 300 EMA
This a symmetrical triangle pattern but is good support zone for buying point my side .
entry that point and trg is 1st 130, 2nd 140. SL is always paid .If You LIKE MY Idea …please…Boost its for motivation for study .
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📊 Details
Emami Paper Mills Limited is engaged in production of Newsprint, Writing & Printing Paper and Multilayer Coated High-end Packaging Boards.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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In the Weekly Chart of EMAMIPAP ,
we can see that, it has given Trendline breakout.
Let it retest the Trendline and then enter with SL and Targets.
Expected momentum is shown in chart.
BUY - EMAMI PAPER MILLS LTD
CMP - Rs. 132
Target - 1: Rs. 175
Target - 2: Rs. 196
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Timeframe - 4-6 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Emami paper mills has taken a support at 157 and bouncing back from those levels in daily time frame. It has also shown reversal trend with 4% upward move with a high of 169. Based on support and trendline pattern analysis a potential upward move of 25 % is on cards with an initial target of 210.
CMP : 164
Target : 210 (First target)
Stop loss : 155
1:5 risk...
Clearly divergence can be seen on daily charts and also huge breakout with volume can be seen.
Buy Emami paper mills above 214.65
for the targets of 230-238
Disclaimer: This is just for the education purpose and always take advice of your financial advisor before investing.
Levels are marked on the chart
Stock has been following 50 ema and 100 ema is acting as amazing support.
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