Will Orient Paper Target 39.50 ?Orient Paper NSE:ORIENTPPR has a good almost a text book like VCP in progress. ( who cares if its called by a Cup & handle name or any other ) the bias does seem highly biased to me on the upside.
Stock Shifting from Basing stage and likely to move to advancing stage. The past FIVE weeks price action is suggesting an upward bias. Average volumes are also higher indicating accumulation.
Overhead strong supply zones exist @ 30 to 31.20 above which the stock can have a good run. Remains to be seen how the price action shapes out in the coming weeks
Today's earning report event may well decide whether it will break out this week or tomorrow ?
