Buying between 216 to 221 is not bad idea.
This stock has lot of chance breakup and targets 257-263
suppose to it break with volume then, target will extended as 278-283.
TNPL IS GIVING A POSITIVE BREAKOUT FORM 283 ZONE AND THE NEXT COMING LEVEL IS 298 FOR INTRADAY AND 340 FOR SHORT TERM. APART FROM THIS, It has been noticed from last 4 years that After every dividend, the prices of TNPL has shown a good upside rally. Sometimes The rally shown previously was immediate and sometimes after few days.
Now charts are forming...
Most probably wave 2 has ended . And has gone 50% retracement of wave 1 in a double correction . If it decides to do another round of correction thats why a sl of 332.
Tamil Nadu Newsprint & Papers Ltd. engages in the manufacture of printing and writing paper. It operates through the following segments: Paper and Paper Board, Energy, and Cement. The Paper and Paper Board segment offers paper and paper board products. The Energy segment generates power through wind mills. The Cement segment manufactures and retails cement products. Its products include print vista, maplitho, pigment paper, radiant printing, creamwove, copy crown hardbound notebook, copier, and ace marvel. The company was founded on April 16, 1979 and is headquartered in Chennai, India.
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TNPL
