Manufactures Kraft Paper, and Writing and Printing Paper.
Fundamentals:-
Its a Risky Small Cap,can be a Future Multibagger.
Current Price is less than book value, Graham Number & Intrinsic Value.
Stock PE is less than its Industry PE.
Its a dividend giving stock.
Good ROCE & ROE.
Promoters holding is good & No promoters pledged.
Company is continuously reducing...
📌#ruchira : #breakoutstocks
>> Momentum Building up
>> Volume contraction visible
>> Beautiful VCP Structure
>> Good Strength & decent Volumes
Swing Traders can lock 10% profit & keep trailing
#swingtraders #trading #vcppattern
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Disclaimer : This is...
In the Weekly Chart of RUCHIRA ,
we can see that, it has mad a Inside Candle.
Also, it has spended time near Trendline
Expected momentums are shown in charts.
In the Weekly Chart of RUCHIRA ,
we can see that, it has given Big Cup & Handle breakout.
Let it retest the Trendline and then enter with SL and Targets.
Expected momentum is shown in chart.
BUY - RUCHIRA PAPERS LTD
CMP - Rs. 143
Target - 1: Rs. 185
Target - 2: Rs. 225
.
Timeframe - 4 months - 6 months
.
Technicals - Cup and Handle Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
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Ruchira paper- trendline breakout
Trendline breakout above 121 with very good volume. All ossilators shows bullish strength on chart.
Buy above 130
Sl 117
Tgt 138-147-161-175-197 as per fib & pivot level.
NSE:RUCHIRA
has given breakout above 125 on weekly time frame
can give 90% gains from here
cmp is 129
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own...
Ruchira paper is consolidating and forming multiple inside bars. Seems health accumulation is going on. Recently Company has declared decent results for FY 22-23. Keep on radar.
Ruchira paper is consolidating and forming multiple inside bar. Keep on radar for fresh inside bar breakout and closing above 116. Recently company had posted all time high Revenue and PAT. Can be a good rerate candidate also.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Stock is coming out from good consolidation and estimated price range upside is 150-180 zone. Keep an watch n it..Results on 13th AUG and it can give sharp moves.
RUCHIRA : On my Radar from July-18th, when trendline breakout happened on Hourly time frame.
Here is the history-
2022-07-18: ADX/DI+ are >25. Cross WK Piv Upside - Shooting Star. Close is above SMA-20 on D/Wk/M time frames.
2022-07-19: Crossing 4 week High. RSI crossing above 60 on M/W/D time frames.
2022-07-22: ADX > 28
2022-07-27: Cross WK Piv...
RUCHIRA
CMP: 110
- Today 3 paper stocks appeared on my radar,
RUCHIRA (32% up from recent low)
SESHAPAPER (27%)
JKPAPER (16%)
Other peers:
WSTCSTPAPR (15%)
ANDHRAPAP (13%)
