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The stock attempted couple of failed breakouts in March while being under accumulation on big volume bars. This time around the stock is up on earnings. Along with volume there's big momentum in broader market, Nifty is scaling all time high, sentiment is bullish. We can see a good breakout soon. Moving along with sector. SL: Depending on your risk appetite:...
Detailed Levels on Chart
ORIENTPAPER (Weekly):- Buy at CMP 29/27 for Target 35/50++ Stop Loss Below 24 DCB
Bearish engulfing pattern Stock in downtrend EMA's are bearish Ichimoku Indicator is showing Sell signals;because the price has gone below the cloud surely the stock will go down sell now to avoid more loss
Based on technical indicators, buy at range 23.50 - 24.50 for a target of T1-26 and T2-29
Orient Paper is a buy . Read Chart for details.