JK Paper is in the buying zone after 2020 fall. Divergence in the buying zone is fairly noticeable.
I will buy 1% of my capital (Rs 10,0000) for a longterm view.
Buy Price: 321
Qty 31
Horizon 1-2 years
SL - Will only protect profits at a later stage
Disclaimer: Please do not follow my trades blindly. This is not a financial advise
As per my analysis, NSE:JKPAPER is trying give a pullback. My idea is to take buy entry at 329-330 when any 15min will closed above level of 328.75. Stop will be 318 (-11 Points Risk). My expected upside target would be 344 (+15) & 354 (+25).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
JK Paper has given a strong Breakout of it's triangle pattern on daily timeframe with strong volume buildup. In coming trading sections me might see a new highs in a stock.
JK paper has given a strong breakout on daily charts supported by heavy volume buildup. Technical targets are high. Track this script. # Breakout Stock # JK Paper # circle_bull
Buy JKPAPER @/above 333
Intraday/Short term Target 356
Stop Loss 329
Profit approx. 7%
Medium term Target 387
Stop Loss 310-306/below
Profit approx. 16%
JK Paper broke out of a declining channel on 17th Jan 22.
Post that there was a throwback, after which it has made a fresh 55-day high
This signals a resumption of the primary trend
Chaikin Oscillator is also above zero and pointing up
Bollinger Bands beginning to expand outward
Daily RSI at ~67
Recent MACD +ve Crossover on Daily charts
Targets will be...
the stock is in uptrend .. we saw small correction which is over now by breaking on the upside and have formed a higher high pattern
refer chart for details
Observations:
1. High Volume in last 2 Days
2. Channel Breakout
3. Price has taken support over 200 EMA
Entry :
30% at Current price and 70% at 115
Stop loss: 104
Target: 127 to 129
