An Agro-based Paper manufacturer and producing/marketing wood-free writing and printing paper since 1980.
++ on April'24, Mcap>1000 Cr., PE<7, ROE/ROCE=20%, BV=120, Debt reduced in last few years, OPM>30, Near 200 DMA level, CAGR=20%, Highest Operating Profit/Net Profit registered last quarter, ROCE>20 on Mar'2023, Less taxation compared with last year, PE<10
-All Paper Industry Stocks Giving Breakout- Keep on radar
-symmetrical triangle breakout above 183
-rise in Rsi + high volume shoes strength in momentum
-can easily give 20-25% return
Kuantum paper is forming rounding bottom pattern on daily time frame. Keep on radar. Paper sector is doing well also and upcoming election will also lead to increase in paper demand.
BUY KUANTUM PRICE @ CMP163 37% ROI EXPECTED
Buy1 cmp entry @163
Target 1 @225
ROI 1 @37
Buy2 Pending entry @94
Target 2 @225
ROI 2 @139
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Stock is in uptrend and looks like moving towards upside trendline of target 200, 230 and maintain strict stop-loss of 160 ( if closes below 160 weekly closing)
Kuantum Papers
Stock is at resistance zone, with upside potential.
Buy above:183.50
SL: 167
Short term Target: 220-225
If resistance is broken at 225 level then 352 will be the long term target.
Note: This is just a Prediction and not a Recommendation
## Trade Details
- Name of The Stock: NSE:KUANTUM
- Type of Trade: Momentum Investment or Positional Trade
- Duration: More than 60 days
- Entry Level: 185.00
- Stop Loss: Initial 175.00 (Trail accordingly)
- Target: above 235.00
Kuantum Papers
Entry above 159
SL 151
I am a trend rider so don't set targets but as a rule I book 30% at 1R and next 40% at 2R. And trail the remaining 30%. So,
T1: 168
T2: 176
T3: Open
Disclaimer: I am not a financial advisor, all information shared are ideas shared, take your entries based on your own analysis or taking advise from your registered financial advisor. We are not responsible for your profit or loss if you take up idea from this chart.
Entry Range: Above 109
Stop Loss: 108
First Target: 126 (Book 50%)
Second Target: 131 (Book...
Stock Name - Kuantum Papers Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 157
#This is not Buy and Sell recommendation to any one. This is for education...
NSE:KUANTUM BSE:KUANTUM
Time Frame – Weekly
Observations :-
*Cup & Handle formed BO above 110
*ATH breakout above 110
*Good consolidation done in 65 to 107 range
*Sustain above weekly 200 SMA
Resistance – 133 / 163 / 190
Support –78 to 65 zone & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst....
kuntum papers is at lower of pattern
1. we should initiate an entry here with keep SL below channel pattern, it will be a high risk reward trade.
2.exit will be either at upper level of pattern or if breakout happens then hold until target 1st done.
this is a unique channel pattern where price break downside comes with power so it is a sign that it wants to follow the channel pattern.
there are two entries possible -
1. at bottom of the channel pattern -SL below the channel
2. after the breakout of the channel -SL- low of breakout candle
HAPPY TRADING
