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Trade Explained in chart
S&P and Fib fan breakout. Tomorrow's candle will confirm the strength of the breakout.
Technical : Flag Pattern Breakout Confirm! @ 220
Technical Target : 405
Fundamentals Very Strong :
(Fundamental Medium Term Target 1000)
(Fundamental Long Term Target 1300)
1.Total (Mkt. Cap) : 424cr
2. Debt : 0.03 cr
3. Stock PE : 5.47
The stock seems to be breaking out of a consolidation of a year in the making! Can the next leg start? Let's see!
Looking weak on all time frames,
Loss of momentum
Wait for it to settle
BO2 received on 3/Nov/2017
Target 213 from current levels
C>210 can rise till 225
CCI D/M >100
CCI W = 88, rise till 210 will make it >100
Duration 2-3 weeks from 210 levels if achieved by 3/Nov/17
Very nice flag formation.technical+fundamental
buy range 170-200
SL 160( trail prefer )
target 350 600(PE multiple Target)
As seen Star Paper has broken out of symmetrical triangle with volumes on the daily chart a few days back. At the moment it is re-testing the breakout levels, which is a good place to enter longs. Stock is at its highs.
Expected Levels- 245
A good risk reward: 1:3.7
crossed the triangle with huge volumes and trading at life time high.
comp has to announce results yet, keep an eye on that aswell.
should got to 250-270 levels in 6-9 months time