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West Coast Paper Mills Limited

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WSTCSTPAPR trade ideas

West Coast Paper for 100% riseWest Coast Paper Mills is currently India’s 3rd largest paper and paperboard manufacturing company which also owns (72.3% in) Andhra Paper, another listed paper manufacturer. West Coast has revenues of 4200 cr and market cap of 3900 cr. Its ownership in Andhra Paper itself is worth 1500 cr presently. So all of WCPML is available at a valuation of 2400 cr. Can it double from current levels (588)? The chart says it all. The stock is in the final stages of large wave IV that began in October ‘23. There is a possibility of one final move down towards 525-540 levels if there is one. Wave V can very well take it to 1000-1200 levels which can be worked out later after further moves. Can these levels be achieved in a year or less? First target of course is ATH of around 800.
NSE:WSTCSTPAPR
by DhandhaPaani
Short term trading opportunity in Westcoast Paper for >15% upsidHi, NSE:WSTCSTPAPR has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:WSTCSTPAPRLong
by raigvivek
WSTCSTPAPR LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i), (ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. It is anticipated that wave (v) will have about five subdivisions shown in red colour. Wave levels shown on chart. Level of Invalidation The Wave (ii) has been identified as the invalidation level at 590.25. Because as per wave rules Wave (iv) cannot go beyond the starting point of Wave (ii) in diagonal pattern. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems. I am not a registered Sebi analyst. My research is being done only for academic interests. Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses. Regards VJ
NSE:WSTCSTPAPRLong
by drvineet
West Coast Papers - Trying to move North!!!West Coast papers is trying to move North - we can see a inaccurate / rough head and shoulder pattern and a weekly breakout. Let's see how it moves, in case of a positive green candle above the breakout, we can expect the move till 810-815. Other parameters looks positive as well. Fundamentally, TTM sales are highest ever, PBT is highest and EPS of 151. Debt is reduced from 478 to 231, which would lead to higher profit. Clean Chart, Easy Chart!!! "Learning & Earning" Cheers!!!!
NSE:WSTCSTPAPRLong
by Cleaneasycharts
West Coast Paper: Unfurling Opportunities West Coast Paper, a prominent player in the paper industry, is currently exhibiting compelling characteristics that have caught the attention of swing traders. A confluence of positive factors, including strong chart strength and growth in fundamentals, positions West Coast Paper as a potential candidate for a swing trade. The charts for West Coast Paper are displaying noteworthy strength, with technical indicators suggesting favorable conditions for a swing trade. Investors are taking note of the stock's resilience and potential for short to medium-term gains. Beyond the chart dynamics, the company's fundamentals are adding to the attractiveness of West Coast Paper as a swing trade opportunity. The growth in fundamentals, which may include aspects such as revenue, earnings, or market share, provides a solid foundation for sustained stock performance. Swing traders seeking opportunities in the paper industry may find West Coast Paper appealing as it combines favorable chart patterns with robust underlying fundamentals. It's imperative for traders to conduct due diligence, considering technical and fundamental aspects, before making any swing trade decisions. As with any trading strategy, risk management is crucial. Monitoring market conditions, staying informed about industry trends, and adjusting positions accordingly are integral parts of successful swing trading. Seeking advice from financial professionals or advisors can offer valuable insights tailored to individual risk tolerance and financial goals when considering swing trades in stocks like West Coast Paper.
NSE:WSTCSTPAPRLong
by Shivam_Bhanot
WSTCSTPAPR: BO of a Small Base, Poised for Further Upside!WSTCSTPAPR appears to be on the verge of a significant move as it breaks out of a small base. The price action suggests that the stock has built a solid foundation and is now ready to make a move to the upside. This breakout could be a strong signal for potential further gains. Key Points: Base Breakout: The stock has convincingly broken out of a small base, indicating a potential shift in momentum. Uptrending Chart: The overall chart for WSTCSTPAPR is displaying a nice uptrend, reflecting positive investor sentiment and sustained buying interest. 50 SMA Support: The stock is currently finding support around the 50-day Simple Moving Average (SMA). This is a positive sign, as it suggests a healthy trend, and the 50 SMA could act as a support level for potential pullbacks. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves risks, and past performance is not indicative of future results.
NSE:WSTCSTPAPRLong
by TTS007
WSTCSTPAPRWSTCSTPAPR:- Stock has given breakout after 1 month of consolidation keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:WSTCSTPAPRLong
by AjayDhakad_Keep_it_simple
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Broadning Pattern 📌 Symbol/Asset: WSTCTPAPR 🔍 Description: Stock has given breakout of Broadning Pattern and now stock has retest the breakout zone. We may see more upside soon!! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:WSTCSTPAPRLong
by FiveCircles
WSTCSTPAPR - West Coast Paper MillsWest Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. The company has established itself as a leading manufacturer of high-quality paper suitable for printing, writing, and packaging purposes. Its paper products, known for their global quality standards, find application across a wide spectrum of industries including printing, writing, publishing, stationery, notebooks, and packaging. In the fiscal year 2020, the company made a significant move by acquiring a substantial stake in Andhra Papers(72%). Furthermore, the company operates a state-of-the-art manufacturing facility in Mysore, dedicated to the production of optical fiber cables. 🔹 Technicals: ▸ Price has been moving in 40% range for the last 1 year ▸ Price is above all key MAs, which is a positive sign ▸ Weekly breakout followed by a pause ▸ The price is near the previous ATH and 20 EMA. This creates a confluence zone. ▸ Good chance that it goes into consolidation in the current range before heading higher. ▸ A demand zone is present at 580-615. This is also coinciding with 50 EMA. ▸ 200 EMA is also coinciding with the demand zone, thereby creating a confluence zone. 🔸 Financials: March 2023 ▸ Sales: 4921 Cr ▸ Sales Growth: 45% ▸ Net Profit: 1087 Cr ▸ Net Profit Growth: 214% ▸ Debt/Reserves ratio: 9% ▸ OPM: 12% March 2022 ▸ Sales: 3378 Cr ▸ Sales Growth: 50% ▸ Net Profit: 346 Cr ▸ Net Profit Growth: 8650% ▸ Debt/Reserves ratio: 28% ▸ OPM: 19% March 2021 ▸ Sales: 2245 Cr ▸ Sales Growth: -10% ▸ Net Profit: -4 Cr ▸ Net Profit Growth: -101% ▸ Debt/Reserves ratio: 49% ▸ OPM: 33% Rising sales with promising profit growth, OPM% and reducing debt makes the stock a good candidate from a positional perspective. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:WSTCSTPAPR
by aditichawla
7
Primary Wave 3 in last legPrimary degree:yellow Intermediate degree:White Minor degree:Red We are currently in Primary wave 3,Intermediate wave 5.Primary wave 3 has seen extention and has crossed 261.8% extention level and going ahead we can expect this extention to 361.8% which is coming at 818 level. Stock has given a fresh breakout last week and this week we are seeing retracement in the form minor degree wave 2.In coming days once we get minor wave 2 completion confirmation we can see up move resuming which can take price to 800 odd levels.Exit for this long trade would be the swing low of minor degree wave 2 of intermediate wave 5 of primary wave 3. Disclaimer:Analysis posted here is for my future reference no position shud be taken solely on its basis.
NSE:WSTCSTPAPRLong
by UNDERDOG-29