It is moving inside a down channel, however, its short term support is near i.e. 148.15 and also 200 DEMA is 147.33, so 147.33 can be considered as good support, if 147.33 is broken on closing basis, then it will open more downside and next support is 136.6 and then 127.xx.
However, if it holds above 149 level on 15th of this month, then it will face next ...
The BO candle is not very strong and it requires follow-up buying to confirm the BO, although the volumes on the BUY side are greater compared to the sell side.
On the weekly chart, we can see all lower levels have been bought by the market.
I believe there is a strong momentum.
It is at the crucial point, I can see the triple top and hence follow up buying is a ...
JK paper is in the stage 2 uptrend where it satisfies Mark's Minervini Criteria of 50EMA > 150EMA > 200EMA.
Over-all the paper sector is doing well, for eg IPAPPM is also in the uptrend.
MACD for daily and weekly is positive and RSI > 51
For fundamental details you guys can view forum.valuepickr.com
I have ...
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