JK Paper Ltd. - WHEN TO BUY?
As of now price showing indecision as per the Doji pattern.
It is clearly maintaining weakness and it may extend further down if the price again breaks down (85 - 50% Fib Level) on the lower side. We might see it reaching down to 79 (61.8%) or even 71 (78.6%). You might start buying at 79 and keep adding more quantities on the dips...
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
DRAGON FLY DOJI FORMED TODAY.
THE SHARE PRICE SEEMS TO TOUCH 132 IN THE COMING 1-2 DAYS.
MAY BE IT WILL BE BULLISH ONCE THE FOLLOWING DEMAND IS MET IN THE BUDGET. THEN 150 CAN BE EXPECTED.
There is a demand by major players to increase import duty on paper products, currently at 0 percent as per FTA. If it does, it would also provide benefit to this sector.
JK Paper if it remains bullish tomorrow it will have formed double bottom and will move north till it finds resistance at around 133. Support for tomorrow is at 119.
