Seshasayee Paper is : -trading with good volumes on the bourses. -presently trading at its 50 days Moving Average -positive divergence on the oscillators -in the accumulation phase at present -standing right at the support level on higher time frames. -reached a lifetime high of INR 421.75 on 12/Sep/2023 and a lifetime low of INR 2.41 on 17/Jul/2001. -has a net worth of INR 1,771 Cr. -The market cap is INR 2,283.11 Cr and has a market cap rank of 4 within the paper sector.
I believe that the initial target price should be INR 420-425 The second target price shall be INR 527-530 Stop Loss should be INR 321.00 Risk to Reward will be 1:4 The time horizon should be 12-18 months
Trade active
⋅
Trade active
⋅
Consider subscribing to my YouTube channel for more insights