West coast paper: Reversed perfectly from a resistanceWest coast paper's trendline is at it again!
Watch this stock for some weakness.
Been away for a little bit.
I'll be posting ideas again. Please like and follow.
NSE:WSTCSTPAPR
WSTCSTPAPR trade ideas
West Coast paper at resistance.West Coast paper is at an important trendline. Keep on radar.
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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.
possibly rounding bottomfirst target is 13% second is 30% could be breakout after completing rounding bottom
In bearish zone, trying to move upThere is a resistance at 233.50, which if crossed on closing basis, may find resistance at levels 243, 259. Lastly the stock has to cross 301 to be in contention.
West Coast Paper Mills - Good Quality stock at fair valuationSeems like it has formed inverted head and shoulder pattern.
WSTCSTPAPR Educational IdeaWest Coast Paper Mills has significant price volatility in the past 3 months
#WSTCSTPAPRRetraced from 61.8 level
Crossed 38.2 fibo with strength
CCI(W) on the verge of crossing 100
Close above 347.85 will take it to 362
SL 306
Downside seems limited now.3/1 support is at 298 which is likely to be held by West Coast. Target is 358 in medium term
Short term long idea - West Coast PaperAwaiting Triangle breakout. Levels mentioned below-
CMP 342
TARGET 373
SL 331
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.
Returned from resistance.Today it rebounded from 2/1 resistance line. We do not know if it will consolidate or break out. It is better to watch 2 to 3 days to see if it crosses 2/1 resistance line convincingly.
#WSTCSTPAPR281.90 - 282 Gap Support
CCI D crosses 100
Reversal confirmation
TGC with strength
Verge Of BoxBO
C> 302.05 and H > 309 with strength confirms BoxBO
Target 345
Duration: 1- 1.5 months
#WSTCSTPAPRTGC with strength
CCI(D) crosses 100
CCI(M) >100
Target 348 if crosses resistance 302.35
SL 268
#WSTCSTPAPRReversal confirmation with strength and momentum
CCI(D) crosses 100
CCI(M)>100
TGC alignment all throughout the HTF
Target 302 / 348 / 421 (Wave 3))
SL 239
