WSTCSTPAPR trade ideas
Triangle & Trendline Breakout West Coast Papers, an efficiently run paper company, gives a possible breakout from downward sloping trend line. Also, it may also give triangle breakout simultaneously.
Buy above weekly close above 177 (200 day EMA too around same level) for first targer of 205 n eventually 216 aa 2nd target.
No recommendation, Do your due diligence.
Accumalate West Coast Paper Mills on dipsPaper 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.
Also two weeks back was a perfect reversal candle seen however one and half week move from there on has been mild convincing that it was not a bearish reversal.