Panchalk

Ascending triangle BO

Long
NSE:JKPAPER   JK PAPER LTD
JK paper broke out of the triangle with very good volumes...climbed 13% today
CMP - 200
Target 1 -216
Target 2 - 260 ( this is a small cap and one should e very careful when trading them. Small positions and SL are key. Thus is an idea.
Comment: Since Dec 2020 after BO from channel pattern ( weekly TF, it was at 111 Rs ) it has been moving up..
Comment: Moved up and reached target 1 - 216
Comment: It has reached the target 2..260. If anyone has traded this they would have earned some money..