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%)
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/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25%...
paper stocks seen price rally with good volume ..
ruchirapaper too gear up above 100 for 150++ targets
study is based on price action
views are educational
#RUCHIRA- Potential Breakout idea
CMP - 112
Breakout Only Above 115
Next Levels can be expected 140 & 180
View will be negated below 65
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...
Ruchira papers. Fundamental are good. Downtrend in stock seems over ..chart is in HH -HL patterns. CMP:111 sl:90(wcb) Target:150/175/215
Note: educational post
Breakout in RUCHIRA PAPERS LTD in Daily and Weekly time frame. The targets can be 106 and 155.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
This scrip was posted yesterday and today it made high of 8% returns in just one trading session. I hope our followers had benefited from this post. Thanks to all 🙏🙏🙏
This scrip is expected to give to give some short term returns in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Ruchira Papers Ltd. engages in the manufacture of paper. Its products include kraft, and writing and printing paper. The company was founded on December 8, 1980 and is headquartered in Yamuna Nagar, India.
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