WSTCSTPAPR - Ichimoku BreakoutStock Name - West Coast Paper Mills Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 740
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
WSTCSTPAPR trade ideas
#WSTCSTPAPR looking perfect from the base-breakoutIt seems that there is positive activity in paper stocks, and one particular stock appears to be exhibiting a strong technical pattern. The stock has formed a solid base and has recently broken out after a period of consolidation, which could indicate a favorable opportunity. #priceaction
WSTCSTPAPR - Triangle Breakout - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
WSTCSTPAPR Bullish; above 543 on Thursday 23 Mar for IntradayExercise caution as broader market is bearish.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
---------------------------------------------------------------------------------------------------------------------
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
West Coast Paper, what will it take for you to be impressed?Fibonacci levels put the next target for the stock at 998 (1.618 level) and stop-loss at 610 (1.272 level) on weekly closing basis which it had surpassed retreated and has again overcome this week... results have been outstanding in the september quarter, price is at all time highs...if one is bullish, this is as bullish as it can get...
have a look at its chart and take your call, its looking good to me
West coast PaperNSE:WSTCSTPAPR
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.