RUCHIRA PAPERS LTD NSE:​RUCHIRA

Buy for 215-220 target SL below 135 CBSL FOR EDUCATIONAL PURPOSE ONLY

che k andi

Ruchira paper cup and handle pattern with support of 140, upside can be 160 170 180++ time : 1 to 3 month

Scrip can rebound back as it is facing resistance at support levels with double bottom and is already trading around 52-week low Rest in charts. Bullish momentum sign 1) RSI indicator rising in past few sessions 2) Although, Broadening Falling wedge pattern in play which is bearish sign however scrip has started to face resistance after partial decline 3) Stake ...

A) Technical : 1.Cup With Handle Breakout Above @ 190 2.Multiple Top Break Out Close Above 180 Technical Target : 225 B) Fundamentals : (Fundamental Medium Term Target 350) (Fundamental Long Term Target 500) 1. Mkt Cap Rs. 425cr 2.Return% on Mkt. Cap Quarterly :8.81% 3.Return% on Mkt. Cap Yearly : 7.53% 4. Debt : 0.39cr 5. Stock PE : 6.71 6. Return On ...

trade explained in chart fundamentally strong script accumulate on dips

Low of 167 must no be broken If broken with strength then reversal CCI-W <100 CCI-D <100

clean financial statements, good revenues, top management and favourable market share. enter for long term prospects.