Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 6
Consolidation Days: 1300+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
BO with volume
Crossing above 220 level given more confirmation for BO
50% buy near 205 and remaining 50% Buy Above 220 level for new ATH
5 rs. ex dividend on 15 Sep
In the Weekly Chart of STARPAPER ,
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.
In the Weekly Chart of STARPAPER ,
we can see that; it is forming a Big Cup and handle.
Since last 6 weeks it is in same range and there is not selling in it.
Also Hammer candle is formed.
Enter on breaking Hammer Candle's High will low as SL.
Expected momentum is shown in chart.
In the Weekly Chart of STARPAPER ,
we can see that, it is making a good Price Action for upward momentum.
Expected momentums are shown in chart.
Trade with SL and Target as per your Risk Ratio.
BUY - STAR PAPER MILLS
CMP - Rs. 174
Target - 1: Rs. 280
Target - 2: Rs. 360
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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Star Paper looking good at cmp 178 for short-term targets of 195 and 220.
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Happy Trading!
InvestPro India Team
Star paper mills is giving us a breakout on cup n handle today... It can generate good returns in near future...
Study yourself before investing into any stocks.. mus consult with your financial advisor before investing...
Educational post
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high...
![STARPAPER: [SHORT-TERM STOCK] BUY STAR PAPER MILLS @ 178](https://s3.tradingview.com/l/LvDRU0Si_mid.png "[SHORT-TERM STOCK] BUY STAR PAPER MILLS @ 178")
