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JK PAPER LTD.

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JKPAPER trade ideas

Positional Long in JK PAPER - (Detailed method to trade below)NSE:JKPAPER This one is giving a breakout from what looks like an inverse head and shoulder pattern, which hints at continuation of the ongoing major bull trend in the stock. Breakout has been accompanied with good bursts of volume activity. Also, it has occured on a day where major indices and the broader market is considerably weak. Pattern targets come at 510, with two different SLs which one can take. A tighter SL below the low of the breakout candle where also lies the 20 Day moving average gives a R:R of 1:2.4 A deeper SL, below the latest swing low, where also lies the cluster of 50 Day & 100 Day moving averages, as well as the monthly pivot point, also gives a decent R:R of 1:1.7 Ill tell you how I trade this types of breakout where it is a bit extended or the ideal entry point is just out of reach. I would buy half of my desired quantity right now, and wait for the day end to get confirmation of the breakout to build my desired position. In this way, there is less fomo if it continues to burst upwards, and you can then add further qtys as it consolidates again and makes new highs. If it falls back, re-tests and then rises again, then this gives you an opportunity to build your other half of the position at a lower rate and bring down the average cost. If it falls back and fails to bounce again / gives a false breakout, then with you being only half the desired quantity, you'll lose lesser than usual too!
NSE:JKPAPERLong
by aniketkulkarni500
JK Paper LimitedJKPAPER:- From last 4 months stock was trading in small range or can say consolidating but today good volume has been seen keep your eye on 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.
NSE:JKPAPERLong
by AjayDhakad_Keep_it_simple
JKPAPER on Breakout. BUY above 450 for Intraday on WednesdayJKPAPER on Breakout and with good volume. BUY above 450 on Wednesday 21st December for Intraday gains ------------------------------------------------------------- INTRADAY Trading Strategy based on 3 stages of a breakout: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders may book profits at this stage Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice" The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:JKPAPERLong
by JJ_Breakouts