Paper sector is booming due to adversarial move in crude price and long term negative impact of plastic on environment. this was the economical and sentimental change in though of investors, which has caused the price to move in tandem and stronger than nifty. However tenkan kijun and cloud B have become flat and price could be attracted towards it.
Technical : Price Channel Target @ 380
Chart Pattern : “Bullish Price Channel”
Main Trend Line: At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line .
Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line .
Channel Line: Once the main trend line was in place, the channel line beginning from...
West coast paper mills has broken the long term resistance with high volume indicating bullishness. The stock is having good uptrend for a long duration. One can go long above 148. Investment stock.
In one year I expect the stock will gain 40 to 50 points.
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