Breakout after 2 yearsThe stock has given a breakout after 2+ years with huge volumes. We can start accumulating it. After the pandemic when school and office will open, paper will be in huge demand.
JKPAPER trade ideas
#JKPAPER CMP 162.65 #Target 181 #swingtrading #trading #stocks
#JKPAPER
NSE: JKPAPER
CMP 162.65
Target : 181.4
SL 150
RR Ratio > 1.5
Time Frame < 45D
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
JK paper is ready to write its new pathRecently breaks all its near time resistance make or break will be decided by 10th June
indicator and rating
RSI (86) Buy rating- 1
Neutral Rating- 2.5
sell rating -4
MA/EMA cross over (still bullish )
MACD (5.20) Buy rating 3
Neutral Rating 1
sell rating 3
NSE : JK PAPER-Stock break Head and Shoulders Pattern
-Next level to watch 190/200 levels
-Support is near 160 level on chart
JK Paper Rounding bottom/Resistance breakout, Stock for tomorrowJK Paper is on bullish side and got very good volumes
Now @ resistance level 163.75
Good above the level
JKPAPERSwing Trade - Inverse Head & Shoulder pattern. On daily charts, must give good closing above 164 levels. Keep SL of 155.
#JKPAPER Parabolic pattern.Jk paper shows a parabolic pattern. The zone above it has already been rejected multiple times and is bound to break soon.
Educational purpose only - trade at your own risk.
Good luck.
Abstract Head and Shoulder | JK paper This is no coincidence that somewhat a head and shoulder patterns neckline + falling trendline + a very crucial volume-based traded area all broken and closed with a bullish candle on the day .... JK paper seems to be rocking in a few days.
Risk = 4% . The reward depends on how much patient u can be :)
JK Paper : 5th WaveTarget levels: 160-163 and 180, Entry price : 150 - 152. Duration : 15-20 Days, Stoploss :144
BuyBuy abv 155 sl 146 target 178-188
Volume has dropped in falling market. Range contracted near 20 DeMA which means selling pressure has eroded. Price first tried to move down below 20 Dema but couldn't manage and in that event made a lower wick on daily and 15 min chart. RSI is showing positive hidden divergence. All the activity is happening within the large bullish candle.
Disc : it's not an investment advice to buy or sell
JK PAPER 162-165 TargetThe stock is forming 3rd Wave Major wave, Volume and CMF is Positive and Momentum is stronger. Target : 162-165, after that you may see some correction. Duration of Trade is 7-10 Days.
CLEAR BREAK OUTBUY CMP 134
SL and Target are Mentioned.
It didn't fall even the fall of market which shows hevay buying pressure.
LIKE AMD FOLLOW FOR REGULAR UPDATES
15% RETURNS ACIEVED. 14-15 % RETURNS GAIN IN OUR THIS TRADE. SSTILL HAVE MORE POTENTION TO GO UP.
CHECK OUT OUR ORE TRADES FOR MORE INFORMATION. 🤘🏻🤘🏻
