Entered on 23 July 18 on 106.70 with a stop loss at 97.2
TSL update on 9 Aug 18 from 97.2 to 154.5
TSL update on 13 Jul 18 from 154.5 to 157.85
Current TSL is 157.85
If TSL Hit confirmed profit is 157.85 - 106.70 = 51.15 points
Paper sale volumes are shooting up over the last few weeks. JK Paper is one of the biggest and most efficient paper makers.
With fundamental tailwinds behind, the stock can sustain the current momentum and see a further rise in price.
Buy above 170, SL: 155.
Case Study for duration / accumulation / momentum
(1) First instance of TGC
(2) First instance of TGC + Strength Candle
(3) Series of Indecision candles with increasing lows
(4) Breakout candle for #BoxBO
Technical : Cup With Handle Break Out Target 144/165
Fundamental Good : (Fundamental Target 300)
1.Total Eq Cap : 176.25cr
2.Return% on Total Eq Cap Quarterly : 7.27%
3.Return% on Total Eq Cap Yearly : 6%
4.Debt : 1.08cr
5. Stock PE : 12.26