TNPL trade ideas
PaperIndexThis is consolidated index for some of paper theme stocks which are looking bullish and possibility of providing a good momentum on upside in short to medium time frame
Tamilnadu news paper Small crab + order block with high volume
For tight sl wait for smaller time frame confirmation.
For direct entry 201/205
Sl 190(5%)
Target 230/240(17/19%)
at supportTNPL is trading near long term trendline, good for accumulation .... momentum can be gauged upon breakout of price and RS levels
Add TNPL to watchlistAdd TNPL to watchlist
Entry: Closes above 292
Targets: 345 & 380
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
TNPL - Tamilnadu Paper - Buy - Positional Setup TNPL Positional Buy at CMP :- 213-215
Stop Loss - 155
Tgt - 280- 320
Setup - Monthly RSI above 60 with good volume breakout
TNPLA good breakout happened in TNPL last week which gives a small healthy move. It slumped 6% in the last trading session i.e., 12 Aug. It may spend some time above resistance, then for a good retest and then good to go for bigger targets.
Avoid if closes below the resistance.
Tamilnadu newsprint Tamilnadu newsprint; seems downtrend is over in stock.ready for uptrend. CMP:245 sl:195(wcb) target: 290/320/380/500.
Note: educational post.
Tamil Nadu Newsprint- Short Term PickTNPL - Tamil Nadu Newsprint Limited - NSE:TNPL
Daily Chart Analysis : SHORT TERM PICK
Technical Setup : As we can see on chart in recent few days market was consolidating with sideways to bullish bias with some improvement in volumes. With todays move and volumes now it seems that market is ready to blast on upside (just a matter of time) . The first target on upside is around 250 above which 275 & 290 will unfold. Initial Stop Loss to be at 200.
Trade Setup : Enter Long Trades on break above 227 with Initial Stop loss at 200 once the market closes above 245 levels move stop loss to Breakeven and keep riding upside. Investors in such stocks need patience , self-analyze your profile before you take the trade.
Fundamental Side : There is immense demand in all disposable paper segment market due to single use plastic ban in recent time. (Dont want to elaborate much as this platform is not for fundamental analysis)
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Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Very BuliishTamil Nadu Newsprint & Papers Ltd is in the business of manufacturing and marketing Paper, Paper Board, Cement, and Generation of Power. The company has planned CAPEX of ~2,500 crores for various expansion plans.All tthee sector are bullish
TNPL - Multibagger Stock#TNPL (Tamil Nadu Newsprint & Papers)
#Monthly Chart
#Double Bottom (W) Breakout with Volume Confirmation
#Buy range 205-220
#Target 311, 393, 462
#Stoploss 180
#Multibagger Stock
TNPL #TNPL (W):- CMP 212.55 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
TNPL #TNPL (W):- CMP 47.55 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Long Position: Weekly Breakout, Trend Reversal - UpsideDaily - already 20ema crossed 200ema, strong entry with breakout.
Weekly - breakout and crossed above 200ema.
Monthly - Crossed above 50ema.
Volume activity increased from past few weeks.
Entry 195.0
SL 170
Target-1: 240
Target-2: 286
#TNPL- Potential Breakout idea#TNPL- Potential Breakout idea
CMP - 172.30
Breakout Only Above 185
Next Levels can be expected 215 & 250
View will be negated below 122
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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TNPL levels...16.09.2021 ( D candle)TNPL complete the sell pattern...once closed above 143 it moves 160-180 in short term
Bullish on TNPLThe Stock was in downtrend since years, now it is showing a trend reversal on higher time frame. And with the recent rally in paper stocks it might be benefitted.
TNPL
- Stock break symmetrical triangle pattern
-Next level to watch 196/215/240 levels
-Support is near 140 level on chart
BreakoutAfter the covid crash it hasn't recovered to its original level. Today it crossed its 52w high no can easily touch 190.
Long term can go above 200
Not to forget it has a strong support base
Watchout for Resistance breakoutThe stock looks good above 162 (on closing basis) for target of 197 in short term
