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Rugminik
Jan 5, 2024 3:38 AM

Seshasayee Paper Board - Short Term Idea, 25-30% ROI. Long

SESHASAYEE PAPER&BNSE

Description

The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal.

Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles.

One can enter at current market price and hold for target of 530 in the short term.

For swing immediate 10% upside is seen, target at 415-420.

Comment

Stock has started moving up.Up by 5%.
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