Ascending triangle Pattern📌Ascending triangle Pattern
✅Keep on Radar
JKPAPER
+ Continuation Pattern
+ Good volume on Lower TF
+ Trading above Key EMAs
JKPAPER trade ideas
Weekly bullish pattern in JKPAPERA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:JKPAPER
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
Bullish Pennant 📌Bullish Pennant
✅Keep on Radar
JKPAPER
+ Continuation pattern Setup
+ Trading above Key EMAs
+ Low volume during halt
JK Papers weekly BO with Moving average supporrtCandles breaking out the trend on weekly chart with the support of 50 moving average support
JK Paper Analysis Stock given BO and then retested it's support. Again stock is giving BO on daily and weekly chart TF with good volume build up. Follow chart for proper support and resistance levels.
JK Paper seems bullishJK Paper seems bullish
Entry: 332 - 340 for target 347 / 372 / 388
Stop Loss: 324
Time Frame: 6-12 Months
Note: This is for Education purpose only.
A breakout from cup and handle with good volumes A breakout from cup and handle with good volumes. Can show an upside of 20%
For analysis purpose only . Not a recommendation for buy or sell
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JKPAPER - Keep in radar!JKPAPER
Technical analysis pattern known as the "Head and Shoulders Bottom," also referred to as an "Inverse Head and Shoulders" pattern has been formed on daily chart of JKPAPER.
This pattern is often considered a bullish reversal pattern, indicating a potential change in trend from a downtrend to an uptrend.
Here's a breakdown of the pattern:
Downtrend Phase: The pattern forms after a significant downtrend in the price of an asset.
Formation of Lows: The pattern consists of three lows. The first and third lows (the "shoulders") are higher than the middle low (the "head"). This forms a distinctive shape resembling a head and shoulders, but in an inverted position.
Volume Analysis: During the formation of the pattern, you typically observe higher trading volume during the first two declines (shoulders), indicating strong selling interest. As the pattern progresses into the right shoulder, trading volume usually diminishes, showing decreased selling pressure.
Neckline: Drawn between the two highs (shoulders), the neckline acts as a level of resistance that needs to be broken for the pattern to be confirmed.
Reversal Signal: The bullish reversal signal occurs when the price breaks above the neckline. This breakout signals the potential end of the downtrend and the beginning of a new uptrend. The breakout is often accompanied by an increase in trading volume, indicating a surge in buying interest.
Confirmation: For the pattern to be considered confirmed, it's important that the price closes above the neckline, preferably on higher volume. This confirms the change in sentiment from bearish to bullish.
Price Target: To estimate the potential price target after the breakout, you can measure the distance from the head (lowest low) to the neckline and project that distance upward from the breakout point.
Remember that while technical analysis patterns like the Head and Shoulders Bottom can provide insights into potential price movements, they are not foolproof indicators.
Markets are influenced by a wide range of factors, and patterns may not always play out as expected. It's important to consider other forms of analysis and risk management strategies when making trading decisions.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
JK Paper at 373A Company with Low PE available at 373. Results of the company are improving wiith an operating margin of close to 30%
Technically stock has broken out from its long time consolidation. so can go long with a stop loss of 310
Paper Industry has been on the move recently 📌Paper Industry has been on the move recently
✅Keep an eye on this Industry
#JKPAPER
- Good Breakout candle
- Validated with Volume
- Above Key EMAs
- Bullish RSI
JK Paper's Anti-Nen Star Pattern & RSI DivergenceIn this post, we will conduct a thorough analysis of JK Paper's weekly chart, focusing on the formation of the Anti-Nen Star pattern based on Fibonacci levels. Additionally, we will explore the presence of trendline support in the area and the observed divergence in the RSI indicator. By examining these technical aspects, we aim to gain insights into the potential direction of the stock. Let's delve into the analysis and explore the situation.
Chart Analysis:
Upon reviewing the provided TradingView chart for JK Paper, we can identify the formation of an Anti-Nen Star pattern, which is based on Fibonacci levels, on the weekly timeframe. This pattern suggests a potential reversal in the stock's trend, indicating a shift from a bullish to a bearish market sentiment.
Trendline Support and RSI Divergence:
In addition to the Anti-Nen Star Fibonacci pattern, we can observe the existence of a trendline support on the chart. This support level adds significance to the potential reversal indicated by the pattern. It suggests that the stock's price might encounter buying interest in this area, potentially leading to a bounce or a slowdown in the bearish momentum.
Furthermore, there is observed divergence in the RSI (Relative Strength Index) on the weekly chart. Divergence occurs when the price action and the RSI indicator move in opposite directions. In this case, if the price of JK Paper's stock is making lower lows while the RSI is forming higher lows, it suggests a potential bullish divergence. This divergence indicates a loss of downside momentum, which may precede a reversal in the stock's price.
Analysis and Targets:
Considering the Anti-Nen Star Fibonacci pattern, the suggested entry point would be the current price of 325. The initial target for this pattern is set at 344, with a subsequent target of 369. These levels represent potential areas where traders may consider taking profits. To manage risk, a suggested stop-loss level of around 300 is recommended, which helps limit potential losses if the anticipated reversal does not materialize.
Conclusion:
Based on the technical analysis, JK Paper's weekly chart reveals the presence of an Anti-Nen Star pattern, which incorporates Fibonacci levels, suggesting a potential reversal in the stock's direction. The trendline support in the area adds further significance to the pattern. Additionally, the observed RSI divergence indicates a potential loss of downside momentum.
Traders and investors should closely monitor the price action around the trendline support and wait for confirmation of the Anti-Nen Star Fibonacci pattern before making any trading decisions. It is important to consider other technical indicators, market conditions, and consult with a financial advisor before making investment choices.
Disclaimer: The information provided in this blog post is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
Keep a lookout for Breakout.Only enter the trade if candle gives closing above the resistance line on DAILY basis.
SL can be maintained below the Breakout candle.
JKPAPER Breakout StockJKPAPER stock now trade at 339, Buying range every dip. Weekly confirmation important. Buy and Hold .
Undervalue stock.
JKPAPERS TARGET 449JKPAPERS strongly travels from monthly and weekly support in uptrend channels. Strong bullish in weekly and day. It will reach the first target of 389, if sustains in day above 389 it will reach the second target of 449
JK Paper close to demand zoneJK Paper, after facing selling, comes to its demand zone on a weekly time frame. Apart from this in the daily time frame, you can also spot bullish divergence on RSI.
JK Paper line chartDISCLAIMER:- Equity investment and trading are subject to 100% market risks. I am not a SEBI registered analyst, please consult your financial advisor before investing. This is for educational and learning purposes only. ADMINISTRATOR IS NOT RESPONSIBLE FOR YOUR DECISION AND FINANCIAL LOSSES. Stock market investments are very risky and by being a part of this group, you acknowledge that you understand the market risks involved. Hence any legal action is void.
In weekly Time frame, near to trendline JK paper formed an Double bottom chart pattern with considerable volume. trade during the breakout or during retest.
Entry= 385
Target= 402
Sl = 370
